Bitcoin update on 4H - market remains boring
Updated
Dear traders and followers,
the Bitcoin price moves since beginning of June in 1000 $ movement waves. We still don´t believe in bigger volume incoming or any reason for strong down/up movement.
The MACD buy volume turning into red area and the baselines going to cross bearish which indicates sellers entering the market.
We see two possible price movements.
1. Price break and close above 9300 $ on 4 hour chart --> target is drawn in the chart
2. Price break and close under 9070 $ area --> weekly candle turns bearish/red with this move and sellers entering the market, target is drawn in the chart
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
the Bitcoin price moves since beginning of June in 1000 $ movement waves. We still don´t believe in bigger volume incoming or any reason for strong down/up movement.
The MACD buy volume turning into red area and the baselines going to cross bearish which indicates sellers entering the market.
We see two possible price movements.
1. Price break and close above 9300 $ on 4 hour chart --> target is drawn in the chart
2. Price break and close under 9070 $ area --> weekly candle turns bearish/red with this move and sellers entering the market, target is drawn in the chart
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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