BTC still in this channel and overall market sentiment is very bearish.
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here is the better view
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here is the closer look at those bars
Looks at bar 1 in somehow created a hammer which is bullish and shows that shorts are taking profits and some traders going longs. in follow that bar 2 pushes up with very large volume however look at the close of that bar it is closing near a bottom of the range which is not looking good.
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Bitcoin is trying to form a short term bottom on 4 hrs chart.
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Bitcoin was not able to form a bottom on 4 hours chart. whales offloaded tonnes of BTC into the market . here is the updated chart and it is very active. it might not be a straight line as i drew on the chart but the end game is obvious.
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BTC here is the quick update. this is still active
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.