Ok, we've got our weekly close above the 30k which was much needed.
Hello guys,
Here's a 4hrs BTC chart and a trade setup.
In my weekly chart, I mentioned that BTC should not fall below the 50 D MA (30k) and it happened. We are still above the 50 D MA which is good and I believe we can enter the market with a tight stop loss. As you can see in the chart, BTC broke above the trendline and looks like it is getting ready to rally towards an uptrend.
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.