Here we have the 4hr BTC chart, showing strong signs of incoming volatility. The price is currently just above the Bollinger Bands 20 SMA and on the 2 hr and 1 hr time frames we can see major contractions on the bands. Expect a large move up or down soon.
Bearish Justifications: Continued rejection on the diagonal resistance line, Stochastic Indicator stays over bought (highlighted in the box), rejection on the 200 EMA line.
Bullish Justification: Bulls have momentum, a break through of the diagonal resistance line, high trading volume.
Our Guess: Because of the bulls momentum recently we are on betting on them. A break up to 9-10k is likely.
How to trade: Wait for a break above the resistance line to confirm.
Neither these presentations, nor anything on Twitter, Cryptoscores.org, or any other medium/mode of communication, including private correspondence, constitute financial advice.
Cryptoscores.org is not a financial advisor and hold no formal qualifications in this area.
Trade entirely at your own risk.
This is for entertainment purposes only.
Bearish Justifications: Continued rejection on the diagonal resistance line, Stochastic Indicator stays over bought (highlighted in the box), rejection on the 200 EMA line.
Bullish Justification: Bulls have momentum, a break through of the diagonal resistance line, high trading volume.
Our Guess: Because of the bulls momentum recently we are on betting on them. A break up to 9-10k is likely.
How to trade: Wait for a break above the resistance line to confirm.
Neither these presentations, nor anything on Twitter, Cryptoscores.org, or any other medium/mode of communication, including private correspondence, constitute financial advice.
Cryptoscores.org is not a financial advisor and hold no formal qualifications in this area.
Trade entirely at your own risk.
This is for entertainment purposes only.
交易進行:
Looks like we are going to retest the support. Short positions should be considered 7,800-7700. Stay tuned.
評論:
Price following our downside prediction perfectly.