BTC/USD - Coinbase New Weekly Candle & 4hr Volume wells
BTC/USD is in a volatile range within the fullness of the 4hr timeframe, essentially Scalper city.
Potentially a diamond could form on the 2 or 1 hour between today and tomorrow.
Our new weekly candle is a TD Red 9 and the TD Sequential indicator has marked our support at $33393 that if we close under it (in theory) we should go lower
Again because of previous analysis I'm short due to the weekly Diamond top so in theory all these "temporary" structures should be bearish and fail.
We did get some interesting price action on the 4hr and looks like price is reversing again due to a tweezer top but due to the volatility of the zone of the "broadening wedge" of the 4hr that could change in a heart beat.
Many scalper plays seem available but big daily plays are still forming and it is a bit early to make a call.
TTM Squeeze on 4hr could turn bearish.
Potentially a diamond could form on the 2 or 1 hour between today and tomorrow.
Our new weekly candle is a TD Red 9 and the TD Sequential indicator has marked our support at $33393 that if we close under it (in theory) we should go lower
Again because of previous analysis I'm short due to the weekly Diamond top so in theory all these "temporary" structures should be bearish and fail.
We did get some interesting price action on the 4hr and looks like price is reversing again due to a tweezer top but due to the volatility of the zone of the "broadening wedge" of the 4hr that could change in a heart beat.
Many scalper plays seem available but big daily plays are still forming and it is a bit early to make a call.
TTM Squeeze on 4hr could turn bearish.
Aviso legal
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