In the 4H timeframe, we see that the price chart has broken an important trend line, and this will mean a downtrend. On the other hand, we are still in a flag pattern, and this also shows the continuation of the downward trend. Also, if we look at the Elliott wave count, we see that we are at the beginning of a downtrend.
So our personal analysis is that the downward trend of bitcoin continues (in 4H timeframe).
We have no trading recommendations or signals. Observe the principles of capital management.
Some of my analyses are posted in private mode, so if my posts have been useful, please follow me so that you can see your personal posts as well.
Good luck...
So our personal analysis is that the downward trend of bitcoin continues (in 4H timeframe).
We have no trading recommendations or signals. Observe the principles of capital management.
Some of my analyses are posted in private mode, so if my posts have been useful, please follow me so that you can see your personal posts as well.
Good luck...
