Good morning ladies and gents, Bitcoin is showing scuffed 4 hour bullish divergence under a support line and inside of a support range where price reversal to the upside is probable. 4 hour MacD is starting to wane as we transition into the next 4 hour candle. So many bullish indicators here.... Example being, at the top of a critical down trend we have been in for a few months now, bottom of a falling wedge pattern and you're at critical areas of support with 4 hour bullish divergence forming and no follow through price action so far under 8532 critical support which is resistance for now.
Stop is under 8270ish support
entry is inside the Teal range
I personally placed my first exit target at the critical resistance at around 9100 and another target at higher fib nodes being the .618 and also a third target at 8650ish Critical Resistance.
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Stop is under 8270ish support
entry is inside the Teal range
I personally placed my first exit target at the critical resistance at around 9100 and another target at higher fib nodes being the .618 and also a third target at 8650ish Critical Resistance.
Join our Free Telegram Channel: t.me/ChArtWorks
We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019.
Subscription options are $15 a week, $50 a month or $500 a year. These are extremely cheap options compared to most other premium groups! We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups."
50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else.
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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.