Possible Trade Setup for BTC

We have reached the lower trendline which began on 12-22-17. Parallel to the high channel. RSI is oversold at 25 on the 4H. We haven't entered into the support zone but we are very close. Keep your eye on the ball for the turnaround many are anticipating. Best to look for confirmation on the 4H and Daily before entering...trade responsibly build your position with each confirmation, this pair may go lower. Good Trading.

Komentarz:

Zlecenie aktywne:

50 period MA acting as resistance with the 100 just above it. If we are going higher we need a push to get past those 2 averages.

Zlecenie aktywne:

Komentarz:

Price at 50 SMA, see my earlier post on how this MA effects price. New Moon appears on Tuesday 1-16 8:18 CST. New moon can potentially cause a negative effect on trading.