quangcttn

BTC wave structure at 4-hour time frame

quangcttn Updated   
BINANCE:BTCUSD   Bitcoin
4H is swing bearish => current is pullback up

We sell when the price increases to the OB block and there is a signal of CHOCH decreasing
Comment:
The price rises again to the first OB block
Comment:
BTC's market structure remains unchanged. The price wave follows the downtrend of the 4-hour time frame
Comment:
In the 15-minute time frame, there is a downtrend, the price can only increase again when there is a CHOCH reversal signal in the 15-minute time frame.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.