BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAME
Publish Date : 2019/08/28 - 05:48

BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAME


Bitcoin is still stucked in a symmetrical triangle on H4 timeframe and it is hovering around the support level.

It remains to be seen either the prices will bounce off the support or break it.

Additionally,Stochastic indicator is hovering in the middle which indicates uncertainty.

Note that SMA 100 has crossed below SMA 200 which is an indication of future downside.

In other words,the support being broken scenario is more likely than being held.

Source:babypips

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