Bitcoin going to 9K - how to trade & long entry

market reached today the 200 day moving average line and middle term trend support line on 4 H chart. Expect fast down movement if the next 4 H candle close under the red 200 day moving average. I expect a retest of 11K resistance which is good sell order entry or take profit for buy orders from 10600 $.

- bearish market structure on 4H
- RSI is not heavy over selled and looks like another down movement
- MACD baselines area in bearish area and doesn't look like a bullish crossing of baselines is incoming
- market price reached downside of Bollinger bands and the bands getting bigger which implements a incoming big market movement
- 50 day moving average going to cross 100 day moving average which brings sellers into the market

การซื้อขายยังคงดำเนินอยู่:

market reached as expected the 11K resistance and tested it

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

sell target reached - new analysis following soon - follow me to stay up to date