BTC's movement for today is bull biased due to the following reasons:
1. MACD at H1 is open upwards and H4 is on it's way.
2. Triple stop reversal favores long.
3. Fib retracement is likely finished and will go up now.
BTC is largely bull, but keep it mind that it can go down to 9100 if it breaks 9450 level because D1 MACD is open downwards. Then it will go up once again maybe til 11.5kish. Again, price action can be a lot different from this post, so many factors are not mentioned.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Please do your own research and continue to watch the price action. Have a good risk reward ratio!
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
1. MACD at H1 is open upwards and H4 is on it's way.
2. Triple stop reversal favores long.
3. Fib retracement is likely finished and will go up now.
BTC is largely bull, but keep it mind that it can go down to 9100 if it breaks 9450 level because D1 MACD is open downwards. Then it will go up once again maybe til 11.5kish. Again, price action can be a lot different from this post, so many factors are not mentioned.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Please do your own research and continue to watch the price action. Have a good risk reward ratio!
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.