BTC 1h Update
Diupdate
Here you can see my post from earlier where I was pointing out that BTC broke above the EMA Ribbon on the 4h chart but needs to break above the neckline:
Coming back to this chart here on the 1h all looks very similar including the break to the downside of the wedge and the break above the EMA Ribbon, but here on the 1h chart, BTC bounced off the EMA Ribbon multiple times (A,B,C), we won't see that happen on the 4h chart if BTC doesn't break the neckline at around 43.8k.
If nothing changes, I see BTC going back down to the support levels that I pointed out in a bunch of my previous posts, find the latest one here:
Another post where i point out the neckline and support/resistance levels:
Happy Trading! ✌♥️📈
Coming back to this chart here on the 1h all looks very similar including the break to the downside of the wedge and the break above the EMA Ribbon, but here on the 1h chart, BTC bounced off the EMA Ribbon multiple times (A,B,C), we won't see that happen on the 4h chart if BTC doesn't break the neckline at around 43.8k.
If nothing changes, I see BTC going back down to the support levels that I pointed out in a bunch of my previous posts, find the latest one here:
Another post where i point out the neckline and support/resistance levels:
Happy Trading! ✌♥️📈
Catatan
Catatan
A more bullish view of the current picture, if we draw a chanel istead of a wedge. 😁But most importantly here, watch the horizontals and don't rely on vertical lines on their own, you see how misguiding it can be.
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