BTC/USDT 4 HOURS TIMEFRAME ANALYSIS
Updated
- 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.
Comment
- 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
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.