Short term 2 Hours BTC forecast
Stoch RSI shows oversold on 1H chart. Tom Demark count gave a red 8 (shows end of the bear trend). There is huge support at 4150 area. In 2 hours we might touch 4150 then bounce to 4323 resistance area.
Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225)
Long at 4230.
Take profit at: 4320
Stop loss: 4150
Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225)
Long at 4230.
Take profit at: 4320
Stop loss: 4150
Transaction en cours
We had a red 2 which means we did not get a buy signal. 4200 is a solid support. MA and Fibonacci confirms this.
Most probably 4200 will hold and we will bounce from here.
My target has not changed. Wait for Green 2 and proceed. If 4200 breaks, stop loss at 4150. I do not recommend shorting BTC as the market sentiment and news are bullish.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.