H4 TIMEFRAME ANALYSIS ON BTC/USDT - WHAT'S NEXT?
Last week, we have seen and anticipated the next downward
impulse of BTC when we took an analysis on the Weekly TF.
Now, let's take a look at the price action in H4
TF and find setups that can be used for later.
1. Current price action is showing a pullback
after a heavy sell-off on the 23k levels.
2. I'm anticipating that price will make a retest
on the 21.8k-22.000 levels which is possible
as we have a 4 major news on the USD for
this week.
3. If the retest happens, we will go down to
the hourly and find out entry points on the
15mins TF.
4. After a pullback, expect another wave of
impulse down to 19k-17.7k levels.
NOTE: THE TREND IS YOUR FRIEND AND THE CURRENT TREND ON BTC IS STILL BEARISH.
UPCOMING NEWS ON USD AT 9:45PM GMT+8
impulse of BTC when we took an analysis on the Weekly TF.
Now, let's take a look at the price action in H4
TF and find setups that can be used for later.
1. Current price action is showing a pullback
after a heavy sell-off on the 23k levels.
2. I'm anticipating that price will make a retest
on the 21.8k-22.000 levels which is possible
as we have a 4 major news on the USD for
this week.
3. If the retest happens, we will go down to
the hourly and find out entry points on the
15mins TF.
4. After a pullback, expect another wave of
impulse down to 19k-17.7k levels.
NOTE: THE TREND IS YOUR FRIEND AND THE CURRENT TREND ON BTC IS STILL BEARISH.
UPCOMING NEWS ON USD AT 9:45PM GMT+8
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.