quangcttn

Wave structure of BTC H4 time frame

Education
quangcttn Updated   
BINANCE:BTCUSD   Bitcoin
After the SwichHigh(Weak) of the H4 timeframe is broken by a candle with a higher body, it generates a BOS signal and forms a new SwichLow(Strong) bottom and the H4 wave structure changes.
Comment:
BTC closed the candle with the candle body breaking the lowest point of the previous candle, creating a top and the pullback period began

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.