Hello everyone. We want to share our observations on 4 hour BTC/USD chart with you.
1. At the moment we are in upward channel.
2. Yesterday bears reaction have been declined. Bulls are in control. Now we need to wait for test (HL) and then it would be great opportunity to buy (1st point of entry). That is risky trade but RR is nice.
3. You can also wait for 4hour close above 47200 level and then try to go long but stop loss wont be cheap.
Have a nice weekend!
1. At the moment we are in upward channel.
2. Yesterday bears reaction have been declined. Bulls are in control. Now we need to wait for test (HL) and then it would be great opportunity to buy (1st point of entry). That is risky trade but RR is nice.
3. You can also wait for 4hour close above 47200 level and then try to go long but stop loss wont be cheap.
Have a nice weekend!