Bitcoin has pulled back significantly over the last week, and has now given us the numerical indications of a momentum change on the 4H chart.
Area of take profit is the horizontal support at 10k, giving a nice risk/reward of 2.04 meaning we only need a 33% strike rate to break even in the long term.
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- Bearish MACD trend confirmation.
- Oversold RSI, could potentially mean a pullback before continuation downwards.
- Cross of EMA 75 and on downside of short-term EMA.
- Smart mom indicator saying bearish (purple)
Area of take profit is the horizontal support at 10k, giving a nice risk/reward of 2.04 meaning we only need a 33% strike rate to break even in the long term.
Thanks for reading the idea, be sure to give a like and a comment! What do you think will happen with bitcoin?
Be sure to follow us so you're kept up with our projects!
Komentarz:
BTC Avoided the potential pullback and looks like it will run to 10k. Unfortunate on no entry but sometimes this will happen.