Less common time frame to determine direction of the bulls/bears
Updated
On the 5hr chart, The bulls are battling the bears to see who gains control for the next period.
BTC prices should meet its Support and resistances level in a systematic order (1hr > 2hr > 3hr > 4hr > ... > 1d (that's where everyone panics and it becomes a global news in the next day))
(GMT+8) 11pm and 4am the next day should provide more clarify on the next direction of the BTC price. But I do not expect a crash at least for today.
BTC prices should meet its Support and resistances level in a systematic order (1hr > 2hr > 3hr > 4hr > ... > 1d (that's where everyone panics and it becomes a global news in the next day))
(GMT+8) 11pm and 4am the next day should provide more clarify on the next direction of the BTC price. But I do not expect a crash at least for today.
Note
Re-test of 44.4k completed (2nd re-test now and subsequent re-tests will only increase the likelihood of a breakthrough)
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.