The 4H timeframe can be considered short-term but it is a very strong timeframe. We are looking at Bitcoin.
We have a rising wedge pattern which is bearish.
The pattern broke down and we have several red candles.
The last session closed full green, sending out a bullish signal.
The current session negates the previous session producing a bearish engulfing pattern.
The negative of the previous green candle reinforces the bearish breakdown.
Trading volume is really high on both sides, but the biggest bar is red and it happened at the top of the pattern and wave.
These short-term signals point toward lower prices.
Namaste.
We have a rising wedge pattern which is bearish.
The pattern broke down and we have several red candles.
The last session closed full green, sending out a bullish signal.
The current session negates the previous session producing a bearish engulfing pattern.
The negative of the previous green candle reinforces the bearish breakdown.
Trading volume is really high on both sides, but the biggest bar is red and it happened at the top of the pattern and wave.
These short-term signals point toward lower prices.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.