BTC 4HR Update
Buyer support continues to hold above the 4HR Support level regardless of the recent break in the trendline which is good to see in my opinion. However right now the 4HR and Daily are showing me two different things from a candle stick perspective.
In my opinion the 4HR is suggesting that the 4HR Support should hold up, whereas the Daily is currently being presented a Doji, which indicates indecision within the market.
As mentioned earlier in the week I am still watching for continued buyer support along the 4HR Support level which could potentially form the right shoulder of an Inverse H&S, signifying bullish momentum.
Link to chart -
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Buyer support continues to hold above the 4HR Support level regardless of the recent break in the trendline which is good to see in my opinion. However right now the 4HR and Daily are showing me two different things from a candle stick perspective.
In my opinion the 4HR is suggesting that the 4HR Support should hold up, whereas the Daily is currently being presented a Doji, which indicates indecision within the market.
As mentioned earlier in the week I am still watching for continued buyer support along the 4HR Support level which could potentially form the right shoulder of an Inverse H&S, signifying bullish momentum.
Link to chart -