Hello everybody!
-On a 4-hour time frame, we can see that the price was moving bullish until the last 4 hours and now we can see that the price is forming bullish candle(for now).
-We can see that the price was rejected a few times on a yellow resistance line and then the price started moving a little bit in bearish direction but I expect further growth of bitcoin.
-If the price breaks the yellow resistance line I expect the further bullish movement to +10400 and even more, we will see how the price will react when reaches the resistance area(blue zone).
-For further confirmations and information, you can see on lower time frames for buy/sell opportunity.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price was moving bullish until the last 4 hours and now we can see that the price is forming bullish candle(for now).
-We can see that the price was rejected a few times on a yellow resistance line and then the price started moving a little bit in bearish direction but I expect further growth of bitcoin.
-If the price breaks the yellow resistance line I expect the further bullish movement to +10400 and even more, we will see how the price will react when reaches the resistance area(blue zone).
-For further confirmations and information, you can see on lower time frames for buy/sell opportunity.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Note
On 1 hour time frame we had strong rejection and now the price is forming bearish candle!Note
Strong bearish movement last hour!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.