Crypto Analysis (6th April 2024)
BTCUSD Analysis
on the 4 hour timeframe, price action pullback to the 4 hour Bullish Orderblock. THis is where price action rejected from and created a 4 hour Change of Character, indicating that the market is changing from a bearish pullback to a bullish continuation.
In the image you can see that price action has been respecting the bullish orderblock formed showing us that the bullish orderflow is still in play.
Ideally there are 2 scenarios i see could play out.
1. I want to see price break above the 70k mark with a body candle close, before retesting that level to continue creating higher highs.
2.
If breaks fails to hold the bullish orderblock, we should have the price action create a body candle close below 62.3k to SELL
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🌍Telegram | t.me/callistofx
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
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.