4-Hour Bitcoin Analysis
The price has formed a new structure, presenting us with a double bottom pattern. The neckline of this pattern could provide an opportunity for a long position in line with the larger trend. This movement is sharper than the previous decline, and each time we initiate a new upward wave, the volume increases. This suggests strength in the...
4-Hour Timeframe Analysis
The ascending channel has been broken to the downside, followed by a pullback to the lower boundary of the channel. This movement allows us to use the Fibonacci Extension tool, which identifies the 0.618 level as a potential target for this wave.
Simultaneously, I have drawn a Fibonacci Retracement tool on the daily timeframe,...
Bitcoin Analysis in the 4-Hour Timeframe
Yesterday, Bitcoin experienced a price correction, reaching the lower boundary of the ascending channel, as the midline of the channel lacked sufficient strength to support the price.
The observed correction and decline were stronger than the previous upward wave, which may indicate the sellers' dominance. However,...
KUCOIN:BTCUSDT
**Bitcoin Technical Analysis for Today in 4-Hour Timeframe**
Bitcoin is currently moving within an ascending channel in the 4-hour timeframe, forming higher highs and higher lows. Based on this trend, our goal is to align with the price's upward movement and open long positions. Given the market's high volatility, it is essential to set wider...
