Currently BTC price is $21,363.37. On the 4h chart, previously it's reject from the $23,000 resistance level and lower level of the desending tringle. Now it's bounce back from the $21,000 support level and retest the lower level of the desending tringle. Otherthan that RSI indicator move from the overbought region. As well as the price action move at one of the support level of the Fib Retracement indicator. If the 4h candle close above the lower level of the tringle then it may be move to upword derection.
Trading has high risk. Always focus about the risk management. Put less than the 2% of your capital for one trade and less than 10 entries per day. 1:2 risk reward ratio is appropriate and try to keep more than 50% win rate. These are only for the educational perposes not as the financial advice. Do your own research. Trade cacarefully. Goodluck!
Trading has high risk. Always focus about the risk management. Put less than the 2% of your capital for one trade and less than 10 entries per day. 1:2 risk reward ratio is appropriate and try to keep more than 50% win rate. These are only for the educational perposes not as the financial advice. Do your own research. Trade cacarefully. Goodluck!