BTC 4HR
bullish case:
-retest of pattern
-test pf muliple EMAs
consolidation on volatility as PA has pullback
bearish case;
-rsi is playing around bearish control zone
-if we fall back into the pattern
-if we take out 60k on a closure, then 59840, if thats taken out on a 4hr closure, 59260, 58460, and 57k would be our next support levels
**For future reference, when i say neutral on side thats what i mean, right in the middle of bullish and bearish
-retest of pattern
-test pf muliple EMAs
consolidation on volatility as PA has pullback
bearish case;
-rsi is playing around bearish control zone
-if we fall back into the pattern
-if we take out 60k on a closure, then 59840, if thats taken out on a 4hr closure, 59260, 58460, and 57k would be our next support levels
**For future reference, when i say neutral on side thats what i mean, right in the middle of bullish and bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.