4hr Chart shows the small broadening formation we are currently inside of
I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes.
Keep in mind that the monthly timeframe is still red, my humble prediction for the reversal and recovery of bitcoin would be within 2 months. This is so that the monthly chart candles have a chance to form an actual reversal (ex. 2d-1-2u).
Educational purposes only, not financial advice.
Thanks for reading :)
I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes.
Keep in mind that the monthly timeframe is still red, my humble prediction for the reversal and recovery of bitcoin would be within 2 months. This is so that the monthly chart candles have a chance to form an actual reversal (ex. 2d-1-2u).
Educational purposes only, not financial advice.
Thanks for reading :)
