Bitcoin possible scenario

25 Jan 2021

Hello everyone this is my idea for Bitcoin on 1 hour time frame ..

Right now Price is trading between red line and black line ... and our strong support is green line ..

we will discuss bearish and bullish scenario with entry and exists ..

For bulls buying thesis ..
we wanna buy if price close above red line to target Area targets above as shown in the chart .. our stop loss will be 1 hour candle close below green line
You wanna buy from green line to target Area targets above .. as long as green line hold ( no 1 hour candle close below )

For bears selling thesis ..
You wanna sell if 1 hour candle close below green line to target Area target below ..stop loss 1 hour candle close above green line
You wanna sell from redl ine to target black line .. stop loss hour candle close above red line

Note : In the RSI indicator for bulls I wanna see the black line support the price for a nice break out ...

for any question feel free to ask and good luck :)