$BTC
83.902 Rebound from 80.393, but RSI at 72—overbought!
$BTC quick update across 2 timeframes:
4H: Rebound, but overbought
Price at 83.902 hit resistance at UP 84.039,25 + RSI 72,21 is overbought. A correction is possible first.
But MACD has already formed a golden cross (DIF 24,99 > DEA -179,87 + green 204,86) = bullish reversal starting.
1H: Not confirmed yet
Price at 83.902 is still below MB 84.148,70 + MACD is still red at -446,21. Not safe to open a large long position yet.
TODAY'S SETUP:
BUY ON DIP (Safe):
Entry: 82.980 (MB 4H) - 82.500
TP: 84.039 / 86.283
SL: 81.922 (DN 4H)
SELL SCALP (Aggressive):
Entry: 83.900 - 84.050
TP: 82.980
SL: 84.300
PLAN: Wait for BTC to close the 1H above 84.148, then go long toward 86.283. As long as it's below that level, scale into buys lower.
Do you think BTC will retest 80.393 or break straight through 84.148?
#BTC #Bitcoin
83.902 Rebound from 80.393, but RSI at 72—overbought!
$BTC quick update across 2 timeframes:
4H: Rebound, but overbought
Price at 83.902 hit resistance at UP 84.039,25 + RSI 72,21 is overbought. A correction is possible first.
But MACD has already formed a golden cross (DIF 24,99 > DEA -179,87 + green 204,86) = bullish reversal starting.
1H: Not confirmed yet
Price at 83.902 is still below MB 84.148,70 + MACD is still red at -446,21. Not safe to open a large long position yet.
TODAY'S SETUP:
BUY ON DIP (Safe):
Entry: 82.980 (MB 4H) - 82.500
TP: 84.039 / 86.283
SL: 81.922 (DN 4H)
SELL SCALP (Aggressive):
Entry: 83.900 - 84.050
TP: 82.980
SL: 84.300
PLAN: Wait for BTC to close the 1H above 84.148, then go long toward 86.283. As long as it's below that level, scale into buys lower.
Do you think BTC will retest 80.393 or break straight through 84.148?
#BTC #Bitcoin