BTC 4H frame has created an LH - LL structure with 2 long red candles creating a new bottom confirming the corrective downtrend. View wider than
BTC has 1 TR zone about 10% with support in the 40k4 area and resistance in the 44k4 area. Along with that, the BTC price line re-tests the peak area this time, although there are 2 times more 4-h candles than before, the closing price of the candles is lower than the first 2 times of the first peak test. In addition, the trading volume in this peak area also decreased compared to the previous 2 times. ➡In short, BTC is likely to take corrective down, cede capitalization and runways to #ALTcoin. You guys watch after each adjustment beat of BTC (RSI frames <4H to less than 30) to find a good entry for ALT coins.
Note: this period of liquidity will not be the same as the beginning of the wave increase in November-12 anymore because the capitalization will be partly affected by the decline on the New Year. You should reduce the volume of the order as well as reduce the profit expectation per order.
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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.