Update of Bitcoin on 4 hour
From my last analysis, bitcoin has had a spike from my condensing triangle. it broke out of it with not any sign of slowing down. Now bitcoin looks like it will try to test the overhead resistance of 5440 as it did on April 10. If it doesn't break through then it has a possibility of dropping down the the support line of MA 200. If it breaks that support line then it has a predicted drop of 4200 where there is another big support line.
Let me know what you think of my analysis and lets have a conversation in the comments below. Also please like so I know this was helpful
Let me know what you think of my analysis and lets have a conversation in the comments below. Also please like so I know this was helpful
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.