Bitcoin / TetherUSShort
H4 TIMEFRAME ANALYSIS FOR BTC - MAJOR NEWS FOR USD
Price is currently trading at 23.5k levels
as of this writing.
Also notice that the trend has been corrective
inside the channel. Price has tested the 25k
psychological levels but wasn't able to break.
I was actually anticipating the price to make a major
retest on the 28k levels but our weekly tf analysis
that I posted prior to making this has shown a swing fail
to the 200ema.
If our current level at 23.5-24k level doesn't hold, expect an impulse to the
downside.
However, I'll be looking for a major swing failure
to the upside in our area to be tested
before we can confirm the downside impulse.
NOTE: MAJOR NEWS FOR THE USD WILL BE RELEASED AFTER AN HOUR AND 30MINS
EXPECT THAT THIS WILL MOVE THE MARKET IN ITS TRUE DIRECTION AS IT IS THE LAST
MAJOR NEWS FOR THIS WEEK.
as of this writing.
Also notice that the trend has been corrective
inside the channel. Price has tested the 25k
psychological levels but wasn't able to break.
I was actually anticipating the price to make a major
retest on the 28k levels but our weekly tf analysis
that I posted prior to making this has shown a swing fail
to the 200ema.
If our current level at 23.5-24k level doesn't hold, expect an impulse to the
downside.
However, I'll be looking for a major swing failure
to the upside in our area to be tested
before we can confirm the downside impulse.
NOTE: MAJOR NEWS FOR THE USD WILL BE RELEASED AFTER AN HOUR AND 30MINS
EXPECT THAT THIS WILL MOVE THE MARKET IN ITS TRUE DIRECTION AS IT IS THE LAST
MAJOR NEWS FOR THIS WEEK.
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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.
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.