What's up everyone! 😃
I wanted to share this pattern on the 4h BTCUSDT chart, that as you can see, i've tweeted about a couple of days ago already.
This time I made the target areas more visible in the form of the grey boxes.
The green and the red horizontal lines marked by arrows, are the confirmation areas that we need to break and confirm above before further movment into either direction.
If we look at the target areas on the downside, we have to keep in mind that if they don't hold and we don't find a bounce there, it could be seen as a strong confirmation for a bear market
On the other hand on the upside we have a lot of resistance before Bitcoin is oficially back under the bull's control.
Also please check out my video 🎬 that i posted yesterday. I point out a very scary situation that is developing on a larger TF of Bitcoin.
I hope you enjoyed this post and that it was worth your time, any ❤ in the form of engagement, follows and feedback would be very much appreciated, and a big motivation to keep posting!
Happy Trading! ✌❤📈
I wanted to share this pattern on the 4h BTCUSDT chart, that as you can see, i've tweeted about a couple of days ago already.
This time I made the target areas more visible in the form of the grey boxes.
The green and the red horizontal lines marked by arrows, are the confirmation areas that we need to break and confirm above before further movment into either direction.
If we look at the target areas on the downside, we have to keep in mind that if they don't hold and we don't find a bounce there, it could be seen as a strong confirmation for a bear market
On the other hand on the upside we have a lot of resistance before Bitcoin is oficially back under the bull's control.
Also please check out my video 🎬 that i posted yesterday. I point out a very scary situation that is developing on a larger TF of Bitcoin.
I hope you enjoyed this post and that it was worth your time, any ❤ in the form of engagement, follows and feedback would be very much appreciated, and a big motivation to keep posting!
Happy Trading! ✌❤📈
