This is our “every-Monday” report on BITCOIN with a full vision over 3 timeframes.
4H CHART EXPLANATION:
- Price is on an Ascending Channel since December 2018 - Price is facing a definition zone composed by the Weekly Resistance zone + Top trend line of the Weekly Descending Channel. -Bearish Divergence observed on MACD.
Based on this, if price breaks out below 4900 we will be looking for sell setups towards the Support Zone at 4400.