Bitcoin / TetherUSShort
Bitcoin Chart Analysis
Dear friends,
This is the Bitcoin chart, drawn in the 4-hour timeframe and utilizing daily data as well. In the 4-hour timeframe, we observed a CHoCH (Change of Character) and I hoped that the price would reach the Extreme Order Block. Unfortunately, the price did not reach this point and confirmed the decline. Therefore, a selling opportunity in the 4-hour timeframe did not materialize.
Currently, we have analyzed the daily chart, and there is a possibility of a price reversal to the specified zones. The chart has been drawn clearly and smoothly to ensure you can easily utilize it.
I have marked the selling zone, and with confirmation from the 15-minute timeframe, you can take advantage of this zone in case of a pullback. You can also optimize your entry and make your stop loss smaller.
Thank you for your support!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
This is the Bitcoin chart, drawn in the 4-hour timeframe and utilizing daily data as well. In the 4-hour timeframe, we observed a CHoCH (Change of Character) and I hoped that the price would reach the Extreme Order Block. Unfortunately, the price did not reach this point and confirmed the decline. Therefore, a selling opportunity in the 4-hour timeframe did not materialize.
Currently, we have analyzed the daily chart, and there is a possibility of a price reversal to the specified zones. The chart has been drawn clearly and smoothly to ensure you can easily utilize it.
I have marked the selling zone, and with confirmation from the 15-minute timeframe, you can take advantage of this zone in case of a pullback. You can also optimize your entry and make your stop loss smaller.
Thank you for your support!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
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