BTC 4H Outlook
Hi everyone,
we are still trading inside the larger bear flag / channel for now.
If bottom trendline of this holds, we can see upside towards red zone resistance area, maybe a spike to 0.618 fib.
Expecting BTC to get rejected from there.
If bottom trendline does not hold (because of bad new: rate hikes communication in the US is due) we can move towards target of large bear flag, which is around 12k.
Supporting a positive move for BTC:
- ETHBTC is at the upper end of its current channel, and can likely go down.
- BTC:D is looking, like it will break out of a falling wedge and get some upside.
-Benayman
we are still trading inside the larger bear flag / channel for now.
If bottom trendline of this holds, we can see upside towards red zone resistance area, maybe a spike to 0.618 fib.
Expecting BTC to get rejected from there.
If bottom trendline does not hold (because of bad new: rate hikes communication in the US is due) we can move towards target of large bear flag, which is around 12k.
Supporting a positive move for BTC:
- ETHBTC is at the upper end of its current channel, and can likely go down.
- BTC:D is looking, like it will break out of a falling wedge and get some upside.
-Benayman
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