Update on #Bitcoin on a 4H timeframe 26 March 2022
Update on #Bitcoin on a 4H timeframe:
- Currently ranging between 43/45K
- Small accumulation zone around 44.3K
- Biggest resistances at 45/46K (multiple moving averages and fibonacci's confluence)
- Biggest supports at 43.3, 41.2 and 40.3K
#BTC is moving in a tight range now of about a 1-3.5% as we approach to the most important resistance which is between 45-46K.
- Candles above 46K are bullish
- Candles below support levels mean more downside action is coming.
MACD bearish cross happening right now.
If we switch to a daily timeframe, everything looks in place for a potential swing high, low, or reversal on the dates we have been showing in our yellow box which indicates confluence on multiple Fibonacci timezones (30/03 to 03/04 2022)
- Currently ranging between 43/45K
- Small accumulation zone around 44.3K
- Biggest resistances at 45/46K (multiple moving averages and fibonacci's confluence)
- Biggest supports at 43.3, 41.2 and 40.3K
#BTC is moving in a tight range now of about a 1-3.5% as we approach to the most important resistance which is between 45-46K.
- Candles above 46K are bullish
- Candles below support levels mean more downside action is coming.
MACD bearish cross happening right now.
If we switch to a daily timeframe, everything looks in place for a potential swing high, low, or reversal on the dates we have been showing in our yellow box which indicates confluence on multiple Fibonacci timezones (30/03 to 03/04 2022)
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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.
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.