Let's take a closer look at BTC on the 4-hour chart. So far price is following the projected path of our last update (see linked idea). The question now is when are the bulls going to take control? We've seen a flourish of buying activity today with high volume, but will it be enough to trigger the reversal here? I'm showing the 4-hour chart (instead of the Daily) so I can show you that we still appear to have some overhead resistance that needs to clear (The blue field in the middle indicator). Some of that resistance has turned to support and we've just seen bullish divergence so we *might* see the bulls step up here. However, it still might take a few days for the path to clear. Be patient. I'm only looking to add to longs here.
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These are my personal views and not financial advice. Please do your own research before investing.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
