Bitcoin seems to have failed to break the important resistance zone (Fibonacci clusters, resistance lines + SMA 100(Daily TF)) for the second time and has formed a ๐Shooting Star๐ Bearish reversal Pattern in the 4-hour time frame.
Also, we can see Regular Divergence (RD-) in the RSI indicator, and there is also the possibility of a bearish Failure Swing signal for the next hour in the RSI indicator.
๐
I expect Bitcoin can back to the support zone again.
โ๏ธNoteโ๏ธ: If Bitcoin breaks the highest price of the ๐Shooting Star๐ candle, the bullish scenario will be strong.
Bitcoin Analyze ( BTCUSDT ), Timeframe 4Hโฐ.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
Also, we can see Regular Divergence (RD-) in the RSI indicator, and there is also the possibility of a bearish Failure Swing signal for the next hour in the RSI indicator.
๐
I expect Bitcoin can back to the support zone again.
โ๏ธNoteโ๏ธ: If Bitcoin breaks the highest price of the ๐Shooting Star๐ candle, the bullish scenario will be strong.
Bitcoin Analyze ( BTCUSDT ), Timeframe 4Hโฐ.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3