1H BTC chart

Hi everyone
I hope you notice my previous BTC analyze( recommended to visit it on my link below before reading now). as you can see the price moved down to the area I mentioned on the chart before and the daily
candle couldn't close down the blue trend line. so what's next?
now the price on 1H chart is under the 200EMA(white line) and our 50EMA hasn't cross down our 200EMA yet. so the price could move up to my critical area in next few hours and consolidate for awhile
if the price can close up our 50EMA the chance of keep moving up is more. if not it could decline to the grey area somewhere around 50% and 61.8% FIB . that means new decline coming.

ON 4H CHART.........

in 4H chart price still is on the cloud and 50EMA crossed over 200EMA that's a good sign that may we remain in up trend. stay safe

Enjoy the market

評論:

as I said BTC entered in my critical area. so if the price get fair volume it could keep up but volume on daily and 4H time frame is low yet so it could rejected and decline more. I think could be bull trap. so if you get long position set your stop loss.

Enjoy the market