Bitcoin 4H Daily Short-Term Update (Bullish)

13 Oca 2022

Bitcoin is looking good short-term across multiple timeframes...

The 1H timeframe is looking good as mentioned in our previous trade idea, we have a rising channel with higher highs.

Now, the 4H timeframe is also looking good.

As BTCUSD is trading above EMA10, EMA21 and EMA50, we see a bullish breakout happening now.

The cup pattern is now in full display signaling that our low/bottom is already in.

The MACD looks good above zero/bullish.
The RSI is super strong.

Slow and steady and we believe it will start to speed up.

Conditions for change

We remain bullish above the 10-Jan. low at $39558.
Any trading above this level we are bullish.

If prices move below 39.5K we start to consider the bearish scenario.

We are bullish now.

Enjoy.

Namaste.