BTC/USDT 4HOUR UPDATE
Hello, welcome to this BTC/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
4-hour timeframe, the 18K and 20K levels still hold, and the price continues to oscillate in this tight range amid the 19K range. However, some bullish signs finally popped following the recent bullish rebound from the 18K level.
The price seems to be creating a bullish flag pattern. If it plays out, this pattern indicates a potential bullish price leg towards the 20K resistance level, and a bullish breakout becomes probable.
On the other hand, if the price breaks below the lower boundary of the pattern to the downside, the flag pattern would obviously invalidate. The RSI indicator also shows values around 50%, indicating that the momentum is currently indecisive.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
thank you.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
4-hour timeframe, the 18K and 20K levels still hold, and the price continues to oscillate in this tight range amid the 19K range. However, some bullish signs finally popped following the recent bullish rebound from the 18K level.
The price seems to be creating a bullish flag pattern. If it plays out, this pattern indicates a potential bullish price leg towards the 20K resistance level, and a bullish breakout becomes probable.
On the other hand, if the price breaks below the lower boundary of the pattern to the downside, the flag pattern would obviously invalidate. The RSI indicator also shows values around 50%, indicating that the momentum is currently indecisive.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
thank you.
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