Bulls' And Bears' Tug-Of-War

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Who will predominate in the H4 short term.

Bears are internally eating out the Bulls in the bearish pennant.

Bulls are trying hard to break out of the falling wedge but kept being pushed further by the bears.

The Bulls must defend the $8,200 or be devoured further by the Bears down toward $7,200.

I've laid out the support and resistance levels prices might go to for the short term.

Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.

Happy Trading Everyone.

Ron

Check out these still valid mid-term outlook for Bitcoin using:

Support and Resistance Lines
Bitcoin Support And Resistance Bars


The Trend-Based Fibonacci Extension Tool
Trend-Base Fib Extension Is A Magnificent Tool



Elliott Impulse And Correction Waves
Bitcoin Elliott Impulse And Correction Waves Complete

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We have price movement to the upside now.
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Bullish Ascending Triangle
Bitcoin Bullish Ascending Triangle On H1
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We have movement to the upside.
Warning! Watch out for FU moves.
Place your trailing stops.
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Price continues to move upwards as the Bulls take over dominance in the H4 Short Term.
Chart PatternsTrend Analysis

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