BTC's movement for today is bull biased due to the following reasons
1. MACD at H4 is largely open.
2. Strong upward pressure as seen in inability of bears to push it down, many doji candles.
However, I believe that it will go down after reaching some upward level. No exact level but between $9000-9300. However, if it breaks $9300, we're looking at a strong uptrend of up to maybe 11kish USD. Let's focus on day trading!
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Red and green arrows - possible directional movements
Price action can be a lot different from this post. Have a good risk reward ratio.
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
1. MACD at H4 is largely open.
2. Strong upward pressure as seen in inability of bears to push it down, many doji candles.
However, I believe that it will go down after reaching some upward level. No exact level but between $9000-9300. However, if it breaks $9300, we're looking at a strong uptrend of up to maybe 11kish USD. Let's focus on day trading!
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Red and green arrows - possible directional movements
Price action can be a lot different from this post. Have a good risk reward ratio.
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
Comment:
In my view, it needs to visit the lower range, to go up more.