BTC 4H - Move to 50EMA and then drop to the Daily S3

1 thg 9, 2019

BTCUSD
Price is currently squeezed between Daily Pivot/Weekly S1 and EAM20 on the H4, expecting a push to daily R2, 50EAM, 50 fib and test of previous resistance level at 9850 from the underside before a drop down to daily S3 at 9200.

Watch for a break of the daily pivot level as price may just break lower to daily S2 and trade in a sideways range.