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🅱️ Bitcoin Short-Term - 4H - Update
A very strong and clear reversal now taking place for Bitcoin.
The daily timeframe is showing a very strong reversal candlestick pattern that only confirms later today once the current session closes.
Zooming in, Bitcoin (BTCUSD) on the 4H/Short-term timeframe, the reversal signals are strong and clear.
✔️ A long-term lower low leads to the previous session closing as a hammer.
✔️ This strong hammer is being confirmed by a full green candle supported by high volume and bullish divergence with the RSI.
✔️ The bullish divergence is double as it can also be seen with the MACD (24-July vs 1-Aug.).
These are very strong and clear reversal signals.
Either Bitcoin moves back up to the upper range of the channel, re-enters range trading or continues to hit a higher high.
Regardless of how this move ends, Bitcoin is set to grow in August 2023... Very easy to see, don't you think?
Namaste.
The daily timeframe is showing a very strong reversal candlestick pattern that only confirms later today once the current session closes.
Zooming in, Bitcoin (BTCUSD) on the 4H/Short-term timeframe, the reversal signals are strong and clear.
✔️ A long-term lower low leads to the previous session closing as a hammer.
✔️ This strong hammer is being confirmed by a full green candle supported by high volume and bullish divergence with the RSI.
✔️ The bullish divergence is double as it can also be seen with the MACD (24-July vs 1-Aug.).
These are very strong and clear reversal signals.
Either Bitcoin moves back up to the upper range of the channel, re-enters range trading or continues to hit a higher high.
Regardless of how this move ends, Bitcoin is set to grow in August 2023... Very easy to see, don't you think?
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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