BitcoinShort
"Top and Bottom Analysis" BTC/USD (BITCOIN) by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price is on an ascending channel
-After making the first contact with the resistance zone price bounced from there and now is testing the zone again
-On MACD we can see a possible Bearish Divergence
Based on this, if price cant surpass the resistance zone and broke out the current minor ascending channel below 7950.0 we expect a bearish movement towards the lower trendline of the ascending channel at 7290.0
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
Main Items we Observe on the Chart:
-Price is on an ascending channel
-After making the first contact with the resistance zone price bounced from there and now is testing the zone again
-On MACD we can see a possible Bearish Divergence
Based on this, if price cant surpass the resistance zone and broke out the current minor ascending channel below 7950.0 we expect a bearish movement towards the lower trendline of the ascending channel at 7290.0
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
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.