ChartB3nder

Trading opportunities for BTC

BITSTAMP:BTCUSD   Bitcoin
Three possible scenario's I will watch closely on the 4h timeframe. Weekly and Daily looks like being at resistance, but spikes up towards 9800-10000 would not surprise me.

Black: not pushing through 9700, slowly going back to 9475. If it holds, I would consider taking a long. if it flips to resistance, I would watch for shorts
Red: Spike up towards 9800 to hit some stops before nuking down. Would short if I could retest
Green: slowly pushing through 9700, and holding it as support. Would long towards 10k+ if it holds.

Do you have any suggestions/ideas?

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.