BTCUSDT to head towards 4h resistance 31136-31236

1 Jul 2023

The 4h resistance 4HR1 is holding the price back. The price was pushed back down from that resistance zone towards 4h support 4HS1 after our last trade concluded. After that it has moved up to the resistance zone again and has attempted on LTF several times to go beyond it but everytime it has been pushed back.However, it seems that the resistance will give the way for the price to move higher towards 4h resistance 4HR2. Please keep in mind that this is a short time frame trade analysis. The price for long time frame, I will discuss that in a separate post.

3 Jul 2023

Dagangan ditutup: sasaran tercapai

This took a while but finally completed. The price hit the 4h resistance 4HR2 after breaking and clearing 4h resistance 4HR1. The price got pushed back from that resistance 4HR2. This concludes the trade here and we look for the next setup. I said I will publish my large time frame outlook for this but could not do that. I will try to do that as well in a separate post.