BitcoinLong
15 min BTC USD
15 min BTC USD
Overall bias is still bearish
Current bias is a LH inside a bullish channel.
price may continue to push up inside the channel as it slowly crosses the 1 HR and 4 HR resistance zone. This is because the bullish channel has a higher right leg than the left.
Price may get stopped when it reaches the 4 HR resistance due to wick rejections since 22nd.
Once it breaks the neckline of the DT, price may continue on a bearish bias due to areas with a history of bearish OBs between 4 HR and 1 HR resistance zones.
Overall bias is still bearish
Current bias is a LH inside a bullish channel.
price may continue to push up inside the channel as it slowly crosses the 1 HR and 4 HR resistance zone. This is because the bullish channel has a higher right leg than the left.
Price may get stopped when it reaches the 4 HR resistance due to wick rejections since 22nd.
Once it breaks the neckline of the DT, price may continue on a bearish bias due to areas with a history of bearish OBs between 4 HR and 1 HR resistance zones.
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