BTC- TREND ANALYSIS -1HR & 4HR. BITGET
Good Morning/Afternoon/Evening everybody
Follow up to yesterday's price action (Setup Based on EW count which will be invalidated with the breach of 31750)
1. Price is trading below the 1hr & 4hr 50 ema/ Daily Open bias is to the downside
2. After yesterdays move the signal ema 5 & 13 broke below the 4hr 50 ema, to confirm the move we need to watch the 15min price retrace to Pin the 4hr 50 ema( currently below the Daily Open) and continue downwards
3. A good short Entry would be the just above the Daily Open Local (0.618 -302800 where we have the Value area High 30450 (VAH) beyond that we have the Golden Pocket higher up (30900)
Not Financial Advice
Practice Risk Management
Take Profits, Secure Capital
Follow up to yesterday's price action (Setup Based on EW count which will be invalidated with the breach of 31750)
1. Price is trading below the 1hr & 4hr 50 ema/ Daily Open bias is to the downside
2. After yesterdays move the signal ema 5 & 13 broke below the 4hr 50 ema, to confirm the move we need to watch the 15min price retrace to Pin the 4hr 50 ema( currently below the Daily Open) and continue downwards
3. A good short Entry would be the just above the Daily Open Local (0.618 -302800 where we have the Value area High 30450 (VAH) beyond that we have the Golden Pocket higher up (30900)
Not Financial Advice
Practice Risk Management
Take Profits, Secure Capital
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.