🅱️ Bitcoin Short-Term - 4H - Update
A very strong and clear reversal now taking place for Bitcoin.
The daily timeframe is showing a very strong reversal candlestick pattern that only confirms later today once the current session closes.
Zooming in, Bitcoin (BTCUSD) on the 4H/Short-term timeframe, the reversal signals are strong and clear.
✔️ A long-term lower low leads to the previous session closing as a hammer.
✔️ This strong hammer is being confirmed by a full green candle supported by high volume and bullish divergence with the RSI.
✔️ The bullish divergence is double as it can also be seen with the MACD (24-July vs 1-Aug.).
These are very strong and clear reversal signals.
Either Bitcoin moves back up to the upper range of the channel, re-enters range trading or continues to hit a higher high.
Regardless of how this move ends, Bitcoin is set to grow in August 2023... Very easy to see, don't you think?
Namaste.
The daily timeframe is showing a very strong reversal candlestick pattern that only confirms later today once the current session closes.
Zooming in, Bitcoin (BTCUSD) on the 4H/Short-term timeframe, the reversal signals are strong and clear.
✔️ A long-term lower low leads to the previous session closing as a hammer.
✔️ This strong hammer is being confirmed by a full green candle supported by high volume and bullish divergence with the RSI.
✔️ The bullish divergence is double as it can also be seen with the MACD (24-July vs 1-Aug.).
These are very strong and clear reversal signals.
Either Bitcoin moves back up to the upper range of the channel, re-enters range trading or continues to hit a higher high.
Regardless of how this move ends, Bitcoin is set to grow in August 2023... Very easy to see, don't you think?
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.