Bitcoin testing support on 1hr
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
After strong run up bitcoin hitting top bolinger on 1hr and now decline to test green support scd band on 1hr – green square .
In the bottom another test from support on 4hr – see idea attached
Let’s see if green support scd band will push price to test top bolinger on 1hr again
On smaller time frame frame on approach to this level price produced single candle separated by gapping and this creates support- orange square and line.
And pay attention that on test of 4hr support price on 1hr also creates single candle separated by gapping
