BitcoinShort
BTCUSD 4hour timeframe
Short term BTC Price movement
In this chart, we discuss the indicator that could lead the bitcoin to take some sort of correction.
1)Rising Wedge
2)Bearish Divergence
3) CME GAP
Rising Wedge;
In this Chart rising wedge pattern appeared on 4h timeframe which trigger the bearish target of $52500 to $51000.
Bearish Divergence:
Bearish Divergence has been playout on 4hr and 1hr time frame
CME GAP:
Today is Friday and Friday closing is very important for BTC that seems to be close near about $54000 to $53500 so its important for BTC price to move down on weekend then cover the t gap in upward which prove to be a strong pullback for BTC.
In this chart, we discuss the indicator that could lead the bitcoin to take some sort of correction.
1)Rising Wedge
2)Bearish Divergence
3) CME GAP
Rising Wedge;
In this Chart rising wedge pattern appeared on 4h timeframe which trigger the bearish target of $52500 to $51000.
Bearish Divergence:
Bearish Divergence has been playout on 4hr and 1hr time frame
CME GAP:
Today is Friday and Friday closing is very important for BTC that seems to be close near about $54000 to $53500 so its important for BTC price to move down on weekend then cover the t gap in upward which prove to be a strong pullback for BTC.
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