"Top and Bottom Analysis" BTC/USD (BITCOIN) by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price is on an ascending channel
-After making the first contact with the resistance zone price bounced from there and now is testing the zone again
-On MACD we can see a possible Bearish Divergence
Based on this, if price cant surpass the resistance zone and broke out the current minor ascending channel below 7950.0 we expect a bearish movement towards the lower trendline of the ascending channel at 7290.0
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
Main Items we Observe on the Chart:
-Price is on an ascending channel
-After making the first contact with the resistance zone price bounced from there and now is testing the zone again
-On MACD we can see a possible Bearish Divergence
Based on this, if price cant surpass the resistance zone and broke out the current minor ascending channel below 7950.0 we expect a bearish movement towards the lower trendline of the ascending channel at 7290.0
MULTI TIMEFRAME VISION:
-Weekly :
-Daily: