Hello guys,
As we discussed in the previous analysis, the EMA200 on 4 hours chart was broken and BTC is looking to break above but at the same time one should keep in mind that the DXY (Dollar Index) keeps growing which is very risky indication to long on BTC.
If DXY will break and close above 93.5 it is no surprise to BTC dumping below 50K level. So pls keep an eye on DXY as well.
The bounce we had on bitcoin the last 2 candles on 4hour chart seems like a dead cat bounce until breaks and closes above 4 hour TF.
Long until 58k if BTC closes above EMA200 and schaff indicating a Buy signal.
Short opportunity - 15 mins TF. Sell if you get a sell signal from the Schaff indicator. coz BTC rejected to break above EMA200 for four times.
Happy trading!
As we discussed in the previous analysis, the EMA200 on 4 hours chart was broken and BTC is looking to break above but at the same time one should keep in mind that the DXY (Dollar Index) keeps growing which is very risky indication to long on BTC.
If DXY will break and close above 93.5 it is no surprise to BTC dumping below 50K level. So pls keep an eye on DXY as well.
The bounce we had on bitcoin the last 2 candles on 4hour chart seems like a dead cat bounce until breaks and closes above 4 hour TF.
Long until 58k if BTC closes above EMA200 and schaff indicating a Buy signal.
Short opportunity - 15 mins TF. Sell if you get a sell signal from the Schaff indicator. coz BTC rejected to break above EMA200 for four times.
Happy trading!
