BTC 4 Hour - My thoughts

16 Sep 2020

Hello everyone, coming from burning California, On the 4 hour, we hope to find support at .618. we have resistance at .5 fib. We also have support by the VPVR and 10,709 red dash line. If these support lines fail, we may revisit 10,570 to 10,500. As long as we dont fall back into the accumulation area, we should see higher highs.

SHORT TERM: Slight Pull Back
MID TERM: Bullish
LONG TERM: Bullish

Short term pull back looks like it will stay between 10680 and 10950 IMO we won't be long, not enough margin. I'm think we will jump to the next refueling station in the not to distant future.

Btc has had amazing gains after every halving and this one is show promise to do the same. This next bull run may last for several years and like every other halving btc, has given returns of over 1000% every time! and that's just by longing and selling at the right time. So that said, kick back and enjoy the ride and learn when to fold them. :)

If you like my charts and logic, please, like, Follow and Share.

NOTE:
I am not an investment adviser or even claim to be. Do yourself a favor and do your own home work and/or hire a professional adviser to do it for you.