#technical_analysis #BTC time frame #4H
First scenario that was introduced based on driver, seems to be correct and second decreasing lag has been completed.
▪️Note that CME has been closed at 9200, therefore there will be a gap in the chart after Monday that will be filled.
▪️It is expected that after a stagnation around 8900, the price will decrease to 8500-8600 and a price floor will be created.
▪️Range 8500-8600 is the intersection region of price level and floor of decreasing channel which will be very important and determinative and according to an intense divergence from the region, a return to 9300 is expected when CME gap will be filled in this movement.
Cryptoland Academy
First scenario that was introduced based on driver, seems to be correct and second decreasing lag has been completed.
▪️Note that CME has been closed at 9200, therefore there will be a gap in the chart after Monday that will be filled.
▪️It is expected that after a stagnation around 8900, the price will decrease to 8500-8600 and a price floor will be created.
▪️Range 8500-8600 is the intersection region of price level and floor of decreasing channel which will be very important and determinative and according to an intense divergence from the region, a return to 9300 is expected when CME gap will be filled in this movement.
Cryptoland Academy