BTC- Incoming Volatility: Up to 10K or another Retest???

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.

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การซื้อขายยังคงดำเนินอยู่:

Looks like we are going to retest the support. Short positions should be considered 7,800-7700. Stay tuned.

ความคิดเห็น:

Price following our downside prediction perfectly.