BTC Chart Analysis and Price Action
$BTC consideing the news , market inflows , us impact.Historically btc has been bullish bw the 1st qurter of the year after halving. So Market is bullish in long run. let’s analyse the Daily and 4hr chart in order to take better trades.
DAILY CHART ANALYSIS: is making a bullish flag pattern or consolidating in a range.
we have marked our RESISTANCE at the levels of $100k - $104k. $BTC has face quite a rejection from these levels. Psychological resistance further the news impacted it to quite reject rhis zone. IF btc breaks this resistance and gives daily candle closinf above this level then we can see a bullish momentum to a new ATH.
We have market our SUPPORT at the levels of $90k-$93K. This level has provided a quite buying. If daily candle closes below this level we can see a next legdown to the zone of 82k. It can also make a wick to these levels ( so we only consider closing).
4hr CHART ANALYSIS : BULLISH
By looking at the 4 hr chart we have market our areas of buying and selling. Btc is quiet holding the support zone of 92k. And facing resistance at 100k. So we always buy at the lower range and sell at the higher range because market is bullish overall. Our potential levels are.
Buying level: $94k -$90K
Selling level: 100k and above
Plan:
Buy and sell the the levels mentioned above. Don’t predicted the direction , let the market decide it’s direction and then take trades at good levels. And must know when to exit. So currently we are waiting for your levels to come and then start buying.
DAILY CHART ANALYSIS: is making a bullish flag pattern or consolidating in a range.
we have marked our RESISTANCE at the levels of $100k - $104k. $BTC has face quite a rejection from these levels. Psychological resistance further the news impacted it to quite reject rhis zone. IF btc breaks this resistance and gives daily candle closinf above this level then we can see a bullish momentum to a new ATH.
We have market our SUPPORT at the levels of $90k-$93K. This level has provided a quite buying. If daily candle closes below this level we can see a next legdown to the zone of 82k. It can also make a wick to these levels ( so we only consider closing).
4hr CHART ANALYSIS : BULLISH
By looking at the 4 hr chart we have market our areas of buying and selling. Btc is quiet holding the support zone of 92k. And facing resistance at 100k. So we always buy at the lower range and sell at the higher range because market is bullish overall. Our potential levels are.
Buying level: $94k -$90K
Selling level: 100k and above
Plan:
Buy and sell the the levels mentioned above. Don’t predicted the direction , let the market decide it’s direction and then take trades at good levels. And must know when to exit. So currently we are waiting for your levels to come and then start buying.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,303.03
-2.19%
Replies 0