Bitcoin analysis in 4H Time Frame (Bullish)
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Hello Traders!
Good to be back for my 2nd analysis today I'm going to look what's going on for this 4H Chart Time Frame and share with your guys
what I've seen on the chart.
Now first we can see bitcoin make a first LL (lower low at 7713) then bitcoin bounce back to local resistance around 8197
at this moment bitcoin is trying to push the price going up but if the bulls fail to expect a little pullback and back to this support trendline I outline here the green box of support possible a little pullback might happen I just want you to be aware of this especially if you're using a high leverage on your trading position.
once bitcoin has a healthy pullback and restest push the price upward expect that bitcoin potential target around 8400 - 8600 region. Breaking above this resistance at 8426.5 will lead the price move much higher and make another HH (2nd Higher High).
you can also check my 1 first analysis for today I gave analysis regarding 1D Time Frame.
I hope this will help you on your trading journey Thank you for your support :) Happy Trading everyone! Stay Safe.
Good to be back for my 2nd analysis today I'm going to look what's going on for this 4H Chart Time Frame and share with your guys
what I've seen on the chart.
Now first we can see bitcoin make a first LL (lower low at 7713) then bitcoin bounce back to local resistance around 8197
at this moment bitcoin is trying to push the price going up but if the bulls fail to expect a little pullback and back to this support trendline I outline here the green box of support possible a little pullback might happen I just want you to be aware of this especially if you're using a high leverage on your trading position.
once bitcoin has a healthy pullback and restest push the price upward expect that bitcoin potential target around 8400 - 8600 region. Breaking above this resistance at 8426.5 will lead the price move much higher and make another HH (2nd Higher High).
you can also check my 1 first analysis for today I gave analysis regarding 1D Time Frame.
I hope this will help you on your trading journey Thank you for your support :) Happy Trading everyone! Stay Safe.
Nota
my analysis again is correct we're expecting this little pullback back to support zoneNota
now keep an eye with this green box of support bitcoin need to hold this area to continue to enable the bulls to push the price of bitcoin to our target zone
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