Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD).
The chart is self-explanatory. Price has the potential to get back in the $40K region before meeting with significant resistance with the Support and Resistance Trend Line zone, and Ichimoku Cloud. There may be an Inverse Head and Shoulders Pattern forming. Volume is consistent. RSI, and MFI are at support lines and MACD had a bullish cross.
Check out a few macro timeframe perspectives in the ideas below.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. Price has the potential to get back in the $40K region before meeting with significant resistance with the Support and Resistance Trend Line zone, and Ichimoku Cloud. There may be an Inverse Head and Shoulders Pattern forming. Volume is consistent. RSI, and MFI are at support lines and MACD had a bullish cross.
Check out a few macro timeframe perspectives in the ideas below.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
