Bitcoin 4hr is what we looked at last night just before the dump, hopefully you all were on the right side of the trend. Here we are again on the 4 hr, RSI low, price action in a higher low. Market cypher forming a trigger wave to the upside with a vwap cross coming in a few hours. I’ll update if we cross or get rejected, so stay tuned!
Note
I keep using binance forgetting they lack some important price action. We landed perfectly on support of this trend line I had drawn prior to the dumpNote
10,400 - 10,600 could still be fair game for rejection and complete a bearish pennant. However if we can stick in a higher high then the trend could changeNote
3 hour VWAP cross confirmed, 4 hour has crossed but doesn’t confirm till this candle closes. Bulls case is looking goodNote
1 hour rsi is in bearish territory, vwap crossed to the downside for the short term. We could see a bit of a shake out. 4 hour still has 20 minutes till closeNote
Order cancelled
Looking to short for the moment and wait for the 4 hour to give a stronger sign Trade active
Back in a long at 10082. 30/45/1hr finally look good
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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.