"Top and Bottom Analysis" BTC/USD by Thinking Ants
4H CHART EXPLANATION:
Price Broke Out a Major Resistance with a strong Ascending Movement. Now it s on a Triangle Pattern showing Weakness on the Bullish move:
- Bearish Divergence MACD
- Resistance zone at 5356
- Weekly Descending Trendline
If price breaks out the Ascending Trend Line of the Triangle below 5187.3 we expect a Corrective Down movement Towards 4880.6. We will be looking fot Sell setups on the Mentioned area.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
Price Broke Out a Major Resistance with a strong Ascending Movement. Now it s on a Triangle Pattern showing Weakness on the Bullish move:
- Bearish Divergence MACD
- Resistance zone at 5356
- Weekly Descending Trendline
If price breaks out the Ascending Trend Line of the Triangle below 5187.3 we expect a Corrective Down movement Towards 4880.6. We will be looking fot Sell setups on the Mentioned area.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
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