Bitcoin analysis in 4 hours time frame
Aktualisiert
Hello traders
In the past few years, I have experienced many ups and downs in the market, but I can confidently say that the manipulation of the market was visible in these two days, which is sure that a large amount of money was liquidated, and probably not all can be blamed on the bears.
This fall in this size and extent and the way of candle making and bear trap all indicate a manipulation of candles.
Although I am very committed to buying steps in the market as well as controlling the amount of capital, but this case can be harmful for friends who are new to work.
Considering the positions of the candles and pivots ahead, I expect the price to return from this point and at least in the short term I expect it to hit the following targets.
I refer you to yesterday's comment and another important issue is that the conditions are still the same as I said yesterday and unlike some friends, I am not waiting for $14,000 because a pivot that I specified in the chart is on the way to $14,000.
In any case, now I am long again.
It should be noted that this is just my idea and definitely no one can predict the market, that's why I don't recommend you in any way in the current risky situation.
Take care of your funds, trade calmly and don't act excited.
be profitable
In the past few years, I have experienced many ups and downs in the market, but I can confidently say that the manipulation of the market was visible in these two days, which is sure that a large amount of money was liquidated, and probably not all can be blamed on the bears.
This fall in this size and extent and the way of candle making and bear trap all indicate a manipulation of candles.
Although I am very committed to buying steps in the market as well as controlling the amount of capital, but this case can be harmful for friends who are new to work.
Considering the positions of the candles and pivots ahead, I expect the price to return from this point and at least in the short term I expect it to hit the following targets.
I refer you to yesterday's comment and another important issue is that the conditions are still the same as I said yesterday and unlike some friends, I am not waiting for $14,000 because a pivot that I specified in the chart is on the way to $14,000.
In any case, now I am long again.
It should be noted that this is just my idea and definitely no one can predict the market, that's why I don't recommend you in any way in the current risky situation.
Take care of your funds, trade calmly and don't act excited.
be profitable
Anmerkung
Due to the closing form of the candlestick, which was able to fill more than half of yesterday's bearish candlestick, the hope of upward movement and entry into the channel of the previous Bitcoin range between 17500 and 19500 increased again.As we predicted, the price made the first attack to 17,600 dollars and the correction was made, and now it is in the money back to the previous pivot and the price increase again towards 19,300.
Even the RSI clearly shows resistance in this range and if it can close this 4-hour candle with a powerful candle, we can hope that the downward trend is completely over.
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