4 hours chart : trend line, MA and the histogram on MACD
Looking at the 4 hours chart, which is moving align with my yesterday's analysis about bitcoin.
Current condition shows that the price is showing a rejection toward the previous support that is now become resistance as well. Beside that, I've seen the rejection when the price was trying to surpassed the MA 200 on 4 hours chart.
The RSI on 4 hours chart is trending at under the 50 level which indicates the price is entering the bearish zone right now . The MACD histogram was once again ticking down to pass the previous wave low.
So far, current price is moving align with my yesterday's bias and I will give you more details update when the weekly candle close.
Thank you
Current condition shows that the price is showing a rejection toward the previous support that is now become resistance as well. Beside that, I've seen the rejection when the price was trying to surpassed the MA 200 on 4 hours chart.
The RSI on 4 hours chart is trending at under the 50 level which indicates the price is entering the bearish zone right now . The MACD histogram was once again ticking down to pass the previous wave low.
So far, current price is moving align with my yesterday's bias and I will give you more details update when the weekly candle close.
Thank you
