💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing BTC on the 4-hour timeframe timeframe .
👀 On the 4H timeframe of Bitcoin we observe that, after being rejected from the 115,000$ area, it is moving towards its support in the 112,000$ zone .
⚙️ We have two key areas on RSI: the support area around 30, where RSI is currently located, and the key zone for a trend change around 73, where volatility usually increases .
🕯 The size of the red candles has each time been larger than the green candles, showing stronger selling pressure .
💵 USDT.D on the 4H timeframe has resistance around the 4.46% area. If this area breaks, Bitcoin selling pressure will increase .Note that Tether dominance is close to its 4H top .
🔜 Today is the Jackson Hole event .
🔔 The alarm zone for a short position is at the 112,000$ level. If this level is lost and price action confirms, we can have a very low-risk trade. For a long position, breaking the 115,000$ area could be the start of a trend reversal .
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing BTC on the 4-hour timeframe timeframe .
👀 On the 4H timeframe of Bitcoin we observe that, after being rejected from the 115,000$ area, it is moving towards its support in the 112,000$ zone .
⚙️ We have two key areas on RSI: the support area around 30, where RSI is currently located, and the key zone for a trend change around 73, where volatility usually increases .
🕯 The size of the red candles has each time been larger than the green candles, showing stronger selling pressure .
💵 USDT.D on the 4H timeframe has resistance around the 4.46% area. If this area breaks, Bitcoin selling pressure will increase .Note that Tether dominance is close to its 4H top .
🔜 Today is the Jackson Hole event .
🔔 The alarm zone for a short position is at the 112,000$ level. If this level is lost and price action confirms, we can have a very low-risk trade. For a long position, breaking the 115,000$ area could be the start of a trend reversal .
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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t.me/satoshiframe
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.