The 5H chart is close to printing a Death Cross (EMA50 crossing below the EMA200). Since we are still within a 1D (meaning Lower Highs with a Support) with 9100 as the 1D Support, there is a strong probability of another contact.
This argument becomes stronger as the previous time BTC made a Death Cross on 5H, the price touched the 9100 Support before making a strong Lower High rebound within the . The candle action (see the Rectangles on the chart) now and then is identical.
Is $9100 - 9400 a valid Demand Zone? Hit the like and subscribe button and let me know in the comments section for another heated discussion!
I follow you for some time.
How the **** have you found 5H? Why? I have 4h and 6h, I understand 3h (because 24 divides with 1,2,3,4,6,8,12 ...) ....
Tricky question: If you folllow 5h graph - when the daily candle closes? Every day?
Sorry to ask you so but I am mathematically courious ;)
Best Regards, Peter.