Hello everyone this is my idea for bitcoin on 4 hour time frame ..
I will go short if price make a 4 hour candle close below black line my target is zone below ( shown in the chart )
our stop loss is 4 hour candle close above black line
My target zone is based on fib from low to high fib 1.618
Few confirmation that helped us make this short entry :
RSI indicator uptrend broken .. show in the chart
volume strong sell … showed up today ( sellers showing )
If price close below 4 hour candle that give us more confidence for short
Price is overbought on weekly and daily time frame and monthly ( not that it matter but sorta give some confidence )
for any question feel free to ask :)
I will go short if price make a 4 hour candle close below black line my target is zone below ( shown in the chart )
our stop loss is 4 hour candle close above black line
My target zone is based on fib from low to high fib 1.618
Few confirmation that helped us make this short entry :
RSI indicator uptrend broken .. show in the chart
volume strong sell … showed up today ( sellers showing )
If price close below 4 hour candle that give us more confidence for short
Price is overbought on weekly and daily time frame and monthly ( not that it matter but sorta give some confidence )
for any question feel free to ask :)