BTC/USDT 4 HOURS TIMEFRAME ANALYSIS
- Price is likely start retracement or consolidation soon,
- The consolidation will happen within the SWB:69K and 60k zone.
- Price is also forming an ascending Triangle
As I mentioned in my 1 Day timeframe analysis, If price surpasses the previous ATH, it may find resistance between 80k and 90k.
- The consolidation will happen within the SWB:69K and 60k zone.
- Price is also forming an ascending Triangle
As I mentioned in my 1 Day timeframe analysis, If price surpasses the previous ATH, it may find resistance between 80k and 90k.
Note
- I did this yesterday, it's not too late to use. Price is reacting as expected.- The last candle (A bearish pinbar) on the four hours TF despite it created a new All Time High is a sign that retracement may begin
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