Bitcoin: How to Trade in 4H Timeframe
Let's look at the 4H timeframe of BTCUSD market. We can see how SMA200 supported the price. Now the same work we should expect from SMA100. These lines act as support and trend lines at the same time, with all features. What does it mean? It means if the price breaks SMA200, it will give us a trend reversal signal. I'm talking about the local trends, which can be within several days and weeks. But the breakout below SMA200, which is the main trend line in my trading strategy, it will push the price downside to the broken key downtrend line from the higher timeframes. Let's say the 1st target for sellers will be at 9000USD.
In order to see the continuation of the local uptrend, the price must stay above SMAs and break 10 000USD resistance. If so, the next target for buyers will be 10 500USD.
Price reversals from SMAs as well as breakouts above the local swing highs and resistance levels, these signals can be used for buying. How to enter and exit from trades, please decide by yourself following your personal trading plan.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
In order to see the continuation of the local uptrend, the price must stay above SMAs and break 10 000USD resistance. If so, the next target for buyers will be 10 500USD.
Price reversals from SMAs as well as breakouts above the local swing highs and resistance levels, these signals can be used for buying. How to enter and exit from trades, please decide by yourself following your personal trading plan.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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