Blue Palm Institute Setup 💎
Pair💰: BTCUSD
Weekly Time Frame🖥️:
Weekly Excelsius View🖥️:
Daily Time Frame🖥️:
Daily Excelsius View🖥️:
4 Hour Time Frame🖥️:
4 Hour Excelsius View🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly formed last 2 weeks, we were able to form a new weekly higher low, 2 of them to be exact. This gives some more indication to continue on up and price is yet to show significant bearish momentum. If we do break below the weekly higher lows, then we can see some drop in price near the $31k price range
Daily Time Frame📚: Looking at the daily we are currently continuing to head to the next daily higher low. If price breaks below the daily higher low, we can see price head into the $36k-$38k price range. If price fails to continue going down but break above the daily lower high, we can see price head back on up to the $46k-$48k price range.
4 Hour Time Frame📚: For buys, We should wait till we get a break on the 1 hour time frame of the daily lower high. Once the break on the 1 hour happens, wait for price to form a new 1 hour higher high, once formed, wait for a 1 hour candle to break the new found higher high to enter for buys. For sells we want the same game plan but for the down side, a 1 hour break of the daily higher low, a 1 hour lower low to form and the 1 hour lower low to break from a 1 hour candle. Once that happens we can look to be taking the sells to the next key point.
Pair💰: BTCUSD
Weekly Time Frame🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly formed last 2 weeks, we were able to form a new weekly higher low, 2 of them to be exact. This gives some more indication to continue on up and price is yet to show significant bearish momentum. If we do break below the weekly higher lows, then we can see some drop in price near the $31k price range
Daily Time Frame📚: Looking at the daily we are currently continuing to head to the next daily higher low. If price breaks below the daily higher low, we can see price head into the $36k-$38k price range. If price fails to continue going down but break above the daily lower high, we can see price head back on up to the $46k-$48k price range.
4 Hour Time Frame📚: For buys, We should wait till we get a break on the 1 hour time frame of the daily lower high. Once the break on the 1 hour happens, wait for price to form a new 1 hour higher high, once formed, wait for a 1 hour candle to break the new found higher high to enter for buys. For sells we want the same game plan but for the down side, a 1 hour break of the daily higher low, a 1 hour lower low to form and the 1 hour lower low to break from a 1 hour candle. Once that happens we can look to be taking the sells to the next key point.