Bitcoin is interacting again with the 200-day EMA on the 4-hour chart.
We are not setting higher highs and lower lows in a macro perspective and I am going to open another short position up for BTC.
We're well above our Keltner Channel and momentum upward has started to thin.
We are evening out in price action. You can see this in our TSI and MACD indicators as we begin to retest previous local area highs.
We're well above our 200-day EMA on the 1-hour which I believe we'll retest for support.
We just broke up over our major resistance area, which has now flipped to support, as well as our Ichimoku Cloud of bearish resistance.
I may add onto this position as time goes on, next target to add on is 17,400 USDT.
My last BTC trade did 25% in under 12 hours.
We are not setting higher highs and lower lows in a macro perspective and I am going to open another short position up for BTC.
We're well above our Keltner Channel and momentum upward has started to thin.
We are evening out in price action. You can see this in our TSI and MACD indicators as we begin to retest previous local area highs.
We're well above our 200-day EMA on the 1-hour which I believe we'll retest for support.
We just broke up over our major resistance area, which has now flipped to support, as well as our Ichimoku Cloud of bearish resistance.
I may add onto this position as time goes on, next target to add on is 17,400 USDT.
My last BTC trade did 25% in under 12 hours.
