The current 4 Hour Situation Bitcoin BTC/USDT
The Volume for this Breakout was high, but there is still the possibility for a FAKEOUT.
The BollingerBands getting tighter, this shows a HIGHER Chance for a big Move in one direction.
We should wait now for a confirmation.
--Dont let the FOMO control your Trading now.--
Above is the SMA20 on the Daily Chart , this is why there was a rejection on the H4 Chart.
Remember:
This was NO Breakout from a Pattern, it was only a Upper Channel Line, there is still the possibilty for a building Pattern
The BollingerBands getting tighter, this shows a HIGHER Chance for a big Move in one direction.
We should wait now for a confirmation.
--Dont let the FOMO control your Trading now.--
Above is the SMA20 on the Daily Chart , this is why there was a rejection on the H4 Chart.
Remember:
This was NO Breakout from a Pattern, it was only a Upper Channel Line, there is still the possibilty for a building Pattern
Bullish Breakout confirmed