BTC just tagged EMA200 H4 with a 15% bounce
So now, where are we ?
I think this is a key area :
1. We reject and start downtrending on LTF -> that was it
2. Or We break through and continue H1 uptrend, and soon H4 will follow to target 34, and we have imo a much bigger relief…
the short side from 31,5-32k is my preferred scenario as of now. I will be taking some small short to play it out, nothing crazy
TP for the swing short are supports 1, 2 & 3 tagged in the chart
So now, where are we ?
I think this is a key area :
1. We reject and start downtrending on LTF -> that was it
2. Or We break through and continue H1 uptrend, and soon H4 will follow to target 34, and we have imo a much bigger relief…
the short side from 31,5-32k is my preferred scenario as of now. I will be taking some small short to play it out, nothing crazy
TP for the swing short are supports 1, 2 & 3 tagged in the chart
Note
Still compressing, see last idea published
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Related publications
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.