BTC may still drive higher in the mean time, but either way, a swift backtest is coming. 4. 1. Bitcoin 4hr analysis 12/22/ BTCUSDT, HeisenbergBTC. Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up once again and I can see we are starting this Tuesday off. Looking at the btc price action we can notice several shapes which occuring most of the time during a trend move. I think most important shape here is triangle. This pattern require patience from the players and need to understand it's nature. First of all all triangle shapes it is a consolidation period. i'm optimistic bullish short moment in bitcoin cash at binance, in my opinion, BCC/BTC at time frime 4H in Binance exchange. because it seem like elliot waves pattern come to wave 5 and good in uptrend. this is my plan trade, take your own risk.
Bcc btc tradingviewBCC — TradingView
If breakaway the parallel channel and do not support 0. If support We got a nice retrace to the optimal fib zone, wicked just past the block that sent us to previous lows, AND made a Swing Failure Pattern on the hourly chart.
This looks to me like the price took the stops to the left and wants to go lower than this. Bitcoin cash has a bounce in FIB 0.
Additional drop will occur if the value deviates from 0. Therefore, please note that this analysis is not appropriate for those who do spot trading. Which was important to maintain the upward trend. Unless I rise to 0. In the long run 0. Predictions and analysis. Videos only. Top authors: BCC. BCC: Wood is in big demand. The direction of bitcoin cash has not yet been set.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing. Trading suggestion:. There is a possibility of temporary retracement to suggested support line 0. Technical analysis:. Buy: 0, TP: 0, SL: 0, Bitcoin Cash can't break the downtrend Eventually came down. Even some time ago, the support line now acts as a resistance line. It became quite the worst. In this situation, if the trading volume explodes, the future price of BCH will be considerably worse.
It's Now on Move. Our First Resistance 0. Note: Do your own research before trade. I am not responsible for any loss. Thinking the bottom will be in that turq band. Currently hit scale in point with a 9 on the TD, should dip lower and make a reversal upwards.
If BTC breaks sub could fall below said turq band.