Trading for BTC today is bear biased due to:
1. Strong rejection of the 8295 and 8215 level.
2. MACD at H1 and H4 are bearish.
As mentioned before, BTC is still largely bear in trend. In order to confirm if it is uptrend, it must break the 8460 level.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Red and green arrows - possible directional movements
Price movement can be a lot different from this post. Have a good risk reward ratio.
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
1. Strong rejection of the 8295 and 8215 level.
2. MACD at H1 and H4 are bearish.
As mentioned before, BTC is still largely bear in trend. In order to confirm if it is uptrend, it must break the 8460 level.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Red and green arrows - possible directional movements
Price movement can be a lot different from this post. Have a good risk reward ratio.
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.