BitcoinShort
$BTC analysis - 4h time frame
We are on the B wave
RSI seems to face a resistance here (blue line on the RSI)
This line rejected several time the price, so it's look like a resistance and it's also the line who rejected the price on the last B
Usual retracement for waves B are :
0.5 (+++) who will bring us to around 6800
but can also be 0.382 (++) who will bring us around 7100
I put the 2 red shadow box at these levels
RSI seems to face a resistance here (blue line on the RSI)
This line rejected several time the price, so it's look like a resistance and it's also the line who rejected the price on the last B
Usual retracement for waves B are :
0.5 (+++) who will bring us to around 6800
but can also be 0.382 (++) who will bring us around 7100
I put the 2 red shadow box at these levels
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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.
Disclaimer
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.