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Bitcoin 4H Daily Short-Term Update (Bullish)
Bitcoin
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Bitcoin 4H Daily Short-Term Update (Bullish)
Oleh AlanSantana
Ikuti
Ikuti
13 Jan 2022
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13 Jan 2022
Bitcoin is looking good short-term across multiple timeframes...
The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs.
Now, the 4H timeframe is also looking good.
As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now.
The cup pattern is now in full display signaling that our low/bottom is already in.
The MACD looks good above zero/bullish.
The RSI is super strong.
Slow and steady and we believe it will start to speed up.
Conditions for change
We remain bullish above the 10-Jan. low at $39558.
Any trading above this level we are bullish.
If prices move below 39.5K we start to consider the bearish scenario.
We are bullish now.
Enjoy.
Namaste.
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oleh AlanSantana
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