It is the weekend so I am not expecting huge movements but be careful because a few weeks ago the weekend gave a huge dump. As for yesterday, BTC did not break any serious level. I am still bear biased due to the following reasons:
1. Tested the 9460 supply zone and rejected.
2. MACD at H4 is bearish .
3. Fib retracement, most likely, hasn't finished yet.
As mentioned before, BTC is on some insane movements. It can be bullish because it needs to hit the 9600 level first before going down more, or total uptrend. For now, it is best to watch price action and react in fastest way possible.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Don't bet the whole farm, have a good risk reward ratio. Price action can be really, really different from this post.
Be wary of false breaks! Trading is RISKY, always put stop losses.
Various FACTORS are in play, but this chart is meant to be easy to read.
TRADING IS REACTIVE, NOT PREDICTIVE.
1. Tested the 9460 supply zone and rejected.
2. MACD at H4 is bearish .
3. Fib retracement, most likely, hasn't finished yet.
As mentioned before, BTC is on some insane movements. It can be bullish because it needs to hit the 9600 level first before going down more, or total uptrend. For now, it is best to watch price action and react in fastest way possible.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Don't bet the whole farm, have a good risk reward ratio. Price action can be really, really different from this post.
Be wary of false breaks! Trading is RISKY, always put stop losses.
Various FACTORS are in play, but this chart is meant to be easy to read.
TRADING IS REACTIVE, NOT PREDICTIVE.