Bitcoin's high probability of correction in 4H chart

7개월 전

there is a divergence in the 4H chart (which I admit it's not something new for Bitcoin recently!!)

and IF we draw the trend line from the higher lows in the past candle (the yellow line) and IF we draw a double curve pattern for latest price actions, we can expect the price to meet the circle zone, where the trend line as a support meets the double curve and its baseline.

So the baseline would become a strong support of resistance level, therefore, I'd like to see how the price reacts to that level and decide whether I go long or short.


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