Hi Everyone.
Welcome to this analyze of 4 hours BTC USD charts.
Looking at what happened yesterday, it just confirmed that we following the H&S pattern. But as there is really low volume, we may break from it and go down to my Buy zone, or we can finish it at 10.5K.
Confirmation of uptrend would be closing above 8.7 K .
Confirmation of downtrend is gonna be closing below 7.8K
Stay sharp and if you will decide to trade before confirmation use stop loss ! Don't risk.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Welcome to this analyze of 4 hours BTC USD charts.
Looking at what happened yesterday, it just confirmed that we following the H&S pattern. But as there is really low volume, we may break from it and go down to my Buy zone, or we can finish it at 10.5K.
Confirmation of uptrend would be closing above 8.7 K .
Confirmation of downtrend is gonna be closing below 7.8K
Stay sharp and if you will decide to trade before confirmation use stop loss ! Don't risk.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Note
So As you can see, we are holding at ~8450 $, the next target would be 9150-9200 and than we will retrace to 8700-8850 to go up. Now bearish signal would be to close on 4h below 8300.
Note
We are 100% Bearish. Soon You will see first move towards next target 6450-6050. Previous Buy Zone is Canceled.
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.
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.