BitcoinLong
15 min BTC
15 min BTC USD-
After moving bearish for a week, price had reached its LL and started doing its retest by going bullish. Price is currently inside bearish pennant possibly moving sideways to create right shoulder.
Below the pennant there is a 4 HR resistance zone with a history of bullish OB. Price may continue to go bearish to retest the 4 HR zone and it may go bullish from there. The bullish move is just temporary as the overall bias is still bearish. Price may stop at 19730 and returns bearish again.
After moving bearish for a week, price had reached its LL and started doing its retest by going bullish. Price is currently inside bearish pennant possibly moving sideways to create right shoulder.
Below the pennant there is a 4 HR resistance zone with a history of bullish OB. Price may continue to go bearish to retest the 4 HR zone and it may go bullish from there. The bullish move is just temporary as the overall bias is still bearish. Price may stop at 19730 and returns bearish again.
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.