Bitcoin Levels To Watch For (4H TimeFrame) + 2 Scenarios
Updated
After moving away from the 1H timeframe chart, we have the 4H for BTCUSD.
Here we can get a better picture at our "local resistance", in this case we can see it clearly as EMA100 or the blue line on the chart.
Every since the 24-Jan. we have higher lows on this chart.
The "EMA100 RESISTANCE" is being challenged over and over.
The more a resistance level is challenged the weaker it becomes.
We have many attempts at EMA100 so this resistance should be becoming weaker.
Here is how it will go.
Scenario 1) Bitcoin can break above this level if the bulls keep pushing.
Scenario 2) On another rejection, we can see a test of support and then another try at resistance.
We have some mixed signals/feelings here with this ascending triangle but at the same time strong resistance... Patience is key.
Leave us a comment, share, follow & like to show your support.
Namaste.
Here we can get a better picture at our "local resistance", in this case we can see it clearly as EMA100 or the blue line on the chart.
Every since the 24-Jan. we have higher lows on this chart.
The "EMA100 RESISTANCE" is being challenged over and over.
The more a resistance level is challenged the weaker it becomes.
We have many attempts at EMA100 so this resistance should be becoming weaker.
Here is how it will go.
Scenario 1) Bitcoin can break above this level if the bulls keep pushing.
Scenario 2) On another rejection, we can see a test of support and then another try at resistance.
We have some mixed signals/feelings here with this ascending triangle but at the same time strong resistance... Patience is key.
Leave us a comment, share, follow & like to show your support.
Namaste.
Note
--HOW TO BECOME A MILLIONAIRE
It is not easy to get up everyday at 5:00 AM to plan, to prepare, to get ready, to work.
Who would want to dedicate decades of their life, on and on, just to make some money.
Is this the only way to become a millionaire, hard work?
Of course not.
There is no such thing as hard work.
Whatever you do being easy or hard really depends on your perception of it, the context for sure.
There are other ways.
There are many ways.
It takes times.
It grows.
It takes time and while it grows you have to in exchange grow yourself so you can really manage what you are asking for.
Can you really manage millions and millions?
It has its advantages but it is not an easy job.
It requires lots of courage.
Lots of balance, self-control.
HOW TO BECOME A MILLIONAIRE
BUY BITCOIN | HOLD FOR LONG!
Namaste.
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