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Wednesday, March 29, 2023

BTCUSD H4 | Potential bearish reversal?

BTCUSD H4 | Potential bearish reversal?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Looking at the H4 chart, the price is approaching our sell entry area at 28198.81, which is an overlap resistance. If the price were to reverse, it could drop down to our take profit at 25966.02 which is an overlap support. Stop loss is at 29373.96 which is a swing-high resistance.

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Via TradingView Ideas

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