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$BTC / USDT , this is how i see the Market.

/ USDT , this is how i see the Market.

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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here is the quick update.
this is still active

Abbas39

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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Abbas39

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