Market structure of BTC at 4-hour timeframe
4H swing is bullish
i-4H swing is bearish
- If the price breaks through the strong i-swing peak, the price will continue to increase
- If the price falls with the candle body piercing the bottom, it confirms that the downtrend will continue
i-4H swing is bearish
- If the price breaks through the strong i-swing peak, the price will continue to increase
- If the price falls with the candle body piercing the bottom, it confirms that the downtrend will continue
Yorum:
The price rose and broke the swing top strongly so in the 4 hour time frame it turned to an uptrend.
