BTCUSDT perpetual analysis 4h

12 Ağu 2022

On the 4h time frame we can see that the price has come to the first buy-zone at the base of the JOC (No.1 on the chart) and a spring has formed, which can be a sign of an upward movement. Although the spring doesn't have decent volume. So im my opinion it's not that much reliable. It would be safer if we got a spring on the second buy-zone (No.2 on the chart) supported by a good volume. In that case I would look for an entry on smaller time frames.