Bitcoin is in target for buy
I have BTCUSDT 4h chart on here
I'm bullish on BTCUSDT for several reasons that I'll explain :
as you can see on the chart price is inside a rising channel . it reached the midline of the channel from above and it is being supported by the midline
we have some low-momentum 4h candles here as we reached the support-midline that validate our midline support scenario and buying pressure
in addition to things I mentioned above , prices reached the 50 moving average from above and looks like it is bouncing of it
another reason in order to make our analysis more validated is RSI indicator that made a beautiful higher low as the price reached the midline of our rising channel
it's just an analysis , make your decision ...
I'm bullish on BTCUSDT for several reasons that I'll explain :
as you can see on the chart price is inside a rising channel . it reached the midline of the channel from above and it is being supported by the midline
we have some low-momentum 4h candles here as we reached the support-midline that validate our midline support scenario and buying pressure
in addition to things I mentioned above , prices reached the 50 moving average from above and looks like it is bouncing of it
another reason in order to make our analysis more validated is RSI indicator that made a beautiful higher low as the price reached the midline of our rising channel
it's just an analysis , make your decision ...
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