#bitcoin forming Bearish #butterfly around 4H 20SMA resistance #crypto

[rajista007]

Bitcoin is still moving sideways between the 61.8fib and 78.6fib regions.

However, currently it is forming a bearish butterfly around the 7536 region, with D leg being a PRZ,

#BTC is facing resistance at 7536 from the 4h 20SMA,

If btc fails to break above this level, then it may indicated a short term reversal around the D leg of butterfly .

Intraday setup:

open short:7568
T1: 7385
T2: 7291
SL: 7637, Risk: 0.91%
R:R: 4

You can find the updated analysis here also:

https://www.tradingview.com/chart/BTCUSD/RJ5aiEL3-bitcoin-forming-Bearish-butterfly-around-4H-20SMA-resistance/

https://twitter.com/rajista007

UPDATE

Targets achieved:

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LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f8