BTC technical analysis

BTC seen from the temporality of 4H we can see how the current structure of candles carries an excellent count of a distribution scheme, accepting this premise, the current bullish movement should be the failed rally, this has to be confirmed even with a closure below the support located at 8200 and a subsequent test as resistance, in the chart I have drawn the possible trajectory that the price should follow in the process.

BTC seen from the temporality of 1D we can see how the previous wing that has made the closing above the resistance has done with very little

About the author: luis garcia
Technical Market Analyst Crypto trader

Add your Scripsio!

Join Scripsio and write what you write!
Be a part of the Scripsio community. Share what you have written.

Comments

No comments yet