BTC:USD 4 hour chart DAILY UPDATE (day 49)

Over the past few days we have been on red alert, awaiting final confirmation that the bear market is over.

Step 1: Break through bear trend (red line)
Step 2: Turn that trend line into support
Step 3: Golden Cross on 50/200 day SMA

We crossed off the first two steps over the past 3 days, and now the moving averages are threatening to cross in the next 12-24 hours. It is ideal to see the price pullback into the moving averages before getting the golden cross. Therefore this is a healthy pullback and could be teeing up the entry for a leveraged swing trade.

I need to see the price support above $7,750, otherwise we will be back in no man’s land. If we bounce from here then that would create another higher low and it would bode very well for the bulls.

As I continue to wait for final confirmation I am reminded of a quote from Revolutionary War General William Prescott:

“Don’t fire until you see the whites of their eyes”

Happy trading and remember that following is free!

ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出