#Bitcoin made a good bullish move yesterday but wasn't able to break the resistance at 17400 (200 MA on 4h time frame).
- As long as bitcoin not able to close at least 1h candle above 17200 we should see lower prices.
- I think bitcoin is going to test 16600 support (100 MA on 4h time frame)
- If bulls wasn't able to show a good price action there there is a high probability to break this support and visit 16k.
- As long as bitcoin not able to close at least 1h candle above 17200 we should see lower prices.
- I think bitcoin is going to test 16600 support (100 MA on 4h time frame)
- If bulls wasn't able to show a good price action there there is a high probability to break this support and visit 16k.
Trade closed: target reached
Note
#Bitcoin perfectly hit our target and we see some stability in micro time frames above this support (the green area). volume are low and there is a high possibility to break this support and test 16k.
stay safe and make sure to follow good risk management strategy.
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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.