CryptoBanker

BTC 4 hr Support Zone (2/2)

BITMEX:XBTUSD.P   Bitcoin
Taking a similar approach to my just-published 30 min chart, the 4 hr chart is also showing a possible bar-split midpoint: 2 bearish candles showing a stronger down move than any other nearby price action (highlighted). Again, from the recent swing high of 4149 and the midpoint of 3750 projects a bottoming of this cycle at the 3352 level and below. This level is close to the 3408 level of my 30 min chart so both put together give a confluence of support that increase the odds of a significant bounce in this zone.

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