BTC on the 4-hour chart has shifted to an upward trend

BTC has broken the 4-hour swing high, indicating a change to an upward trend. It is expected that BTC will continue to rise towards the supply zone within the daily timeframe

İşlem aktif:

BTC has broken through the 4-hour timeframe high, but we need to wait and see if, when this 4-hour candle closes, its body will break above the 4-hour high. If the candle's body breaks through, it indicates strong buying pressure, and the price is likely to continue rising.

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Today in the 4h time frame, BTC created a peak with candles

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After BTC closed the candle and peaked in the 4-hour time frame, the price increased and SWEEP peaked in the 4-hour time frame.
To know if the price continues to rise or has a pullback, we need to monitor the reaction of the next candles to see if they can break this SWEEP peak or not. Otherwise, the price will have a pullback.

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BTC today broke the Swinghigh peak of the daily frame

Yorum:

This is a strong bullish Swing structure after the CHOCH signal in the 4H time frame. The internal wave of the i-Swinglow creation structure is strong so the price falls to the OB of the i-Swinglow and continues to rise.