Good night traders,
Btc is trading on an upside channel on our H4 timeframe (left) and after the strong dump yesterday it has respected once more the bottom of the channal.
On our weekly tf (right) we have 3 dojis in a row showing strong indecision right now.
The idea here is to take advantage for the price when its on the bottom and top of the channel until we have a clear breakout with reasonable volume.
The only thing concerning me so far is the low buying pressure after the yesterdays dump but since the price respected the uptrend i guess we might see some improvement next week, i dont look at weekend volumes since they are tricky and low.
Interesting levels:
First support level = 5140 USD
Second support level = 4800 USD
First resistance level = 5450 USD
Have a good weekend everyone!
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Btc is trading on an upside channel on our H4 timeframe (left) and after the strong dump yesterday it has respected once more the bottom of the channal.
On our weekly tf (right) we have 3 dojis in a row showing strong indecision right now.
The idea here is to take advantage for the price when its on the bottom and top of the channel until we have a clear breakout with reasonable volume.
The only thing concerning me so far is the low buying pressure after the yesterdays dump but since the price respected the uptrend i guess we might see some improvement next week, i dont look at weekend volumes since they are tricky and low.
Interesting levels:
First support level = 5140 USD
Second support level = 4800 USD
First resistance level = 5450 USD
Have a good weekend everyone!
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
