GOATChad

GOATChad

Hello Guys, GOATChad here. BTC has been going up and we are at a strong zone where many people are probably longing at. I expect another leg down if we don't manage to break the 4 hour 200 ema. 21500 is first target and 20700 is the next, after that we would go down all the way to 18k. I personally trade hourly so I am currently waiting for that fib...

GOATChad

Btc is in a really hard position right now and price has closed with a nice engulfing candlestick on the hourly chart breaking a trendline we have been testing for a while now We also have been under the 16800 zone which is a local resistance level potentially dipping to the nearest support zone which would be 16k. As always, nothing assured and may the market...

GOATChad

As you can see on the hourly chart we successfully broke out of the local downtrend and could have a momentarily move up but DO NOT GET YOUR HOPES UP as we are still in an overall bearish market. Potential take profit zones are to the nearest local resistance levels but first take profit is at previous local high Have a good day and may the market treat you well.

GOATChad

As you can see on the chart we got a lower low and after that we get to see a higher low. On the RSI we get a higher low on the lowe low and lower low on the higher low, this usually indicates a bullish pattern. RSI is overbought on the 4 hour chart. Strong demand levels confirmed. I don't know what else to say more than I think this is a great buying...

GOATChad

As we can see, every time the candlestick has touched the trendline it has been rejected. I see a potential drop to 30 or 33k If we do break this line then there is a potential 40-44k