Hello everyone, Good afternoon!
My thoughts about BTC in the 4 hour. Im thinking we may be going sideways for a few more candles, maybe up to 4? (Neutral), but at one point we are going to have to breakout of this squeeze. We are being squeezed between the 200 MA and the 21 MA and the bearish trendline acts as resistance as well. It seems to me that if we are riding the top of a pattern then there's a good chance we'll be heading down to the Bullish trend line, IF we break the 20 MA.
SHORT TERM: Neutral Bearish
MID TERM: Neutral Bullish
LONG TERM: Bullish
I am Short Term Neutral to Bearish because we need to break two strong resistance the 200 MA and the Bullish Trend Line. I we retest and rejected we may go right back to the 21 MA and bounce back and forth.
I have a couple reason why we can go Bullish. One, we are above the 21 MA and riding a upward bullish trend. If we continue going sideways the chance of our continued upward projection gets better. IF we break the 200 MA we should see a good pump.
That all side, Neutral until we break the 21 MA or the 200 MA, will be a good Call either way.
If you like my outlook and thoughts, please Like and Share and Follow.
I am not an investment adviser, but do yourself a favor, Lots of research and homework before any investment into crypto.
My thoughts about BTC in the 4 hour. Im thinking we may be going sideways for a few more candles, maybe up to 4? (Neutral), but at one point we are going to have to breakout of this squeeze. We are being squeezed between the 200 MA and the 21 MA and the bearish trendline acts as resistance as well. It seems to me that if we are riding the top of a pattern then there's a good chance we'll be heading down to the Bullish trend line, IF we break the 20 MA.
SHORT TERM: Neutral Bearish
MID TERM: Neutral Bullish
LONG TERM: Bullish
I am Short Term Neutral to Bearish because we need to break two strong resistance the 200 MA and the Bullish Trend Line. I we retest and rejected we may go right back to the 21 MA and bounce back and forth.
I have a couple reason why we can go Bullish. One, we are above the 21 MA and riding a upward bullish trend. If we continue going sideways the chance of our continued upward projection gets better. IF we break the 200 MA we should see a good pump.
That all side, Neutral until we break the 21 MA or the 200 MA, will be a good Call either way.
If you like my outlook and thoughts, please Like and Share and Follow.
I am not an investment adviser, but do yourself a favor, Lots of research and homework before any investment into crypto.
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Wait for the bounce
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