Why i said BTC is very bullish? Because I analyzed using multitimeframe Analysis and all of those showed bullish, i analyzed 4 Hour, 1 Day before this post, and now i will share my 1 Week timeframe analysis.
you can see my other analysis about BTC using 4 Hour and 1 Day timeframe on related ideas below.
The panel in the left is 1 Day analysis, in my analysis before i said that it can retrace first to FIBO 0.5 or Fibo 0.618, but now Hidden bullish divergence occurs, that means it has probability that bull will take over the price again
If the bull fail to bring the price higher, bear will come and it will go to FIBO 0.5 or 0.618.
I used 1 week timeframe In the second channel in the right, in this timeframe BTC is in the channel(red lines), this analysis has correlated with my 1 Day analysis, probably it will go retrace to FIBO 0.382 + stochastic showed the price is relatively high
In 1 week timeframe the volume is increasing and now the volume is more higher than before that means bull can push the price higher.
Did you agree?
you can see my other analysis about BTC using 4 Hour and 1 Day timeframe on related ideas below.
The panel in the left is 1 Day analysis, in my analysis before i said that it can retrace first to FIBO 0.5 or Fibo 0.618, but now Hidden bullish divergence occurs, that means it has probability that bull will take over the price again
If the bull fail to bring the price higher, bear will come and it will go to FIBO 0.5 or 0.618.
I used 1 week timeframe In the second channel in the right, in this timeframe BTC is in the channel(red lines), this analysis has correlated with my 1 Day analysis, probably it will go retrace to FIBO 0.382 + stochastic showed the price is relatively high
In 1 week timeframe the volume is increasing and now the volume is more higher than before that means bull can push the price higher.
Did you agree?
