ChartB3nder

Trading opportunities for BTC

BITSTAMP:BTCUSD   Bitcoin
Three possible scenario's I will watch closely on the 4h timeframe. Weekly and Daily looks like being at resistance, but spikes up towards 9800-10000 would not surprise me.

Black: not pushing through 9700, slowly going back to 9475. If it holds, I would consider taking a long. if it flips to resistance, I would watch for shorts
Red: Spike up towards 9800 to hit some stops before nuking down. Would short if I could retest
Green: slowly pushing through 9700, and holding it as support. Would long towards 10k+ if it holds.

Do you have any suggestions/ideas?

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