Bitcoin on 1hr update
Bitcoin on 1hr getting rejected from top bolinger now.
Red resistance band broken and becomes support, hitting top bolinger on 1hr -usually take profit area for 1hr traders, and first decline to green support band will provide buying opportunities .
On the bottom pay attention how break below bolinger play out- bottom bolinger was support, but once price slipped below-it became resistance, and once price move back above it becomes support again and reject price to the upside.
Red resistance band broken and becomes support, hitting top bolinger on 1hr -usually take profit area for 1hr traders, and first decline to green support band will provide buying opportunities .
On the bottom pay attention how break below bolinger play out- bottom bolinger was support, but once price slipped below-it became resistance, and once price move back above it becomes support again and reject price to the upside.
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