Bitcoin Multi-Timeframe Analysis
Hello dear crypto friends, in this special BTC analysis, we're gonna look at the different timeframes with grandpa BTC currently:
1H Chart
4H Chart
1D Chart
1W Chart
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Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
1H Chart
- Double Bottom defended the 12k.
- Since then Uptrend indicated by higher Lows
4H Chart
- Higher Lows successfully established at 112K
- Currently 2 Inside Bars which will indicate the direction when they break out
1D Chart
- Bullish Pennant Breakout
- Turns into potential Cup & Handle if we reject from
13K now, indicating further tightening
1W Chart
- Daily Bullish Pennant invisible, shows itself as Doji candle with huge upper wick
- Definitely overbought, and needs to consolidate soon, even if we now climb higher for a few days
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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