Crypto_Thrones

BTCUSD 4H Potential Trend Reversal

Short
Crypto_Thrones Updated   
BITSTAMP:BTCUSD   Bitcoin
It looks like we had the bounce from the first target of 8200, and retested the local resistance of 8500. So far it looks like it is rejected, RSI turning to the downside. Good probability of market retesting 8200. Next level 7600.
Comment:
I will turn bullish once we clear prior swing high of 9200, and break 10200 area. Until then, no trade zone on daily scale.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.