Bitcoin Analysis Update (LongTerm & ShortTerm)
After some ranging & frustrating price action, now Bitcoin is ready for a massive move and explosion.
Direction? No one knows.
If a 4H candle closes above MA200, it could test the $9600, and if it takes out that wick, the test of 9900 is probable. But if it comes down to the EMA200, it could build a Death Cross in the 4H TF and could trigger other bearish factors.
But If PA tests the previous Weekly candle wick, the explosion probably would be in favor of Bears.
Direction? No one knows.
If a 4H candle closes above MA200, it could test the $9600, and if it takes out that wick, the test of 9900 is probable. But if it comes down to the EMA200, it could build a Death Cross in the 4H TF and could trigger other bearish factors.
But If PA tests the previous Weekly candle wick, the explosion probably would be in favor of Bears.
Without Risk and Position Management, You WILL Lose Money.
