BTC/USD-4 Hour oveview
Hello everybody!
-On a 4-hour time frame chart, we can see that the price went from the support area in bullish direction until the price reached the yellow resistance line and then the price tested that line and started forming bearish candle.
-On a lower time frame such as 1 hour, we can see few retests and rejections and on a higher time frame, we can see that yesterday the candle formed a dragonfly Doji candle which is good signal that the bulls are taking control over the trend.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame chart, we can see that the price went from the support area in bullish direction until the price reached the yellow resistance line and then the price tested that line and started forming bearish candle.
-On a lower time frame such as 1 hour, we can see few retests and rejections and on a higher time frame, we can see that yesterday the candle formed a dragonfly Doji candle which is good signal that the bulls are taking control over the trend.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.