Hello guys
on the four and a half hour time frame with a short-term view; We can have a price correction up to the range of $26,665.
This upward trend line that is clear in the chart is related to higher time frames.
If the purple range ($29088) is completely consumed (which is highly likely), we will have a price correction in the lower time frames to the trend line range.
Approval of this process has been issued by Ichi Moku!
If the $32,578 range is completely consumed before the bearish trend begins, the situation will become very attractive.
What do you think?
on the four and a half hour time frame with a short-term view; We can have a price correction up to the range of $26,665.
This upward trend line that is clear in the chart is related to higher time frames.
If the purple range ($29088) is completely consumed (which is highly likely), we will have a price correction in the lower time frames to the trend line range.
Approval of this process has been issued by Ichi Moku!
If the $32,578 range is completely consumed before the bearish trend begins, the situation will become very attractive.
What do you think?
Trade active:
In the first analysis, we said that if the $29,088 range is fully consumed, our mentality to lower the price to lower areas will be strengthened.
❕❕❕ A very important point for us is the positive log of Ichi Moko and our medium-term uptrend line. On the other hand, the momentum of the upward trend has a good strength, and currently the momentum of the downward trend is weak.
The probability of maintaining the upward trend line and the support range of $27,782 is high.
❕❕❕ A very important point for us is the positive log of Ichi Moko and our medium-term uptrend line. On the other hand, the momentum of the upward trend has a good strength, and currently the momentum of the downward trend is weak.
The probability of maintaining the upward trend line and the support range of $27,782 is high.
Trade closed: target reached:
According to the analysis
Sexy and attractive 😉😋
Sexy and attractive 😉😋
The purple support zone ($29,088) overlaps somewhat with the uptrend line and thus has higher validity for us.
Currently, the stock of bitcoins in the exchanges has decreased a lot ❗️❗️❗️
This is a positive signal, but we cannot be satisfied with this.
We have to see if we lose the support area and the upward trend line or not!!! If this range is consumed, the uptrend line is broken, the situation becomes a little uncomfortable for Bitcoin.