🅱️ Bitcoin Short-Term 4H Interval Update

28 thg 8, 2023

The medium-term higher low for Bitcoin continues to hold, confirming a bullish bias.
As long as this chart structure remains intact so does the bullish potential.

✔️ The MACD is entering the bullish zone while the RSI is now above 50 after hitting extreme oversold.

✔️ The current session, just started, is moving above EMA10/21 supported by rising volume.

Invalidation

A break and close below $24,800 would be needed to invalidate this chart structure; 4H interval.

As long as Bitcoin trades above $24,850, the short-term bullish bias remains valid and intact.

We expect higher prices unless/until the chart changes.
If the chart does not change, we continue aiming up.

11 days of accumulation so far after the drop.
This means that the next move can develop within hours or just days.

The orange counter-trendline is an easy target in the really short-term, for those that like to day-trade, that's a high probability setup...

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Thanks a lot for your support.

Namaste.

29 thg 8, 2023

Ghi chú

Bullish breakout confirmed!
It should gain speed in the coming days and weeks!

Get ready!
Bullish Bitcoin & Altcoins!