MACD at h4 is still largely open. BTC continues to follow the upward trend (in purple).
If BTC breaks the resistance above, it would mean strong uptrend for it breaks both yellow and purple.
Break below the purple line would mean price to move to the lower end of the range (yellow), while break beyond that yellow line would be strong downtrend of price.
Be wary of false breaks. Trading is risky, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
If BTC breaks the resistance above, it would mean strong uptrend for it breaks both yellow and purple.
Break below the purple line would mean price to move to the lower end of the range (yellow), while break beyond that yellow line would be strong downtrend of price.
Be wary of false breaks. Trading is risky, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
Commento:
right on the chart :)