Bullish BTC Price Action
- Price has broken through 4 hour (H4) Supply
- Moving Averages have crossed over bullish
- 200 EMA within the Daily Supply Zone
- Strong Support respected, see price action
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Price may be consolidating with today's candlestick before continuing higher. Price could even retest the H4 Supply (now DEMAND) zone before heading higher.
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Weekly timeframe:
- Moving Averages are getting squeezed together, Bullish MA cross would be significant
- Structure is bullish
- Moving Averages have crossed over bullish
- 200 EMA within the Daily Supply Zone
- Strong Support respected, see price action
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Price may be consolidating with today's candlestick before continuing higher. Price could even retest the H4 Supply (now DEMAND) zone before heading higher.
____
Weekly timeframe:
- Moving Averages are getting squeezed together, Bullish MA cross would be significant
- Structure is bullish
Note
Strong Demand in 4 hour (H4) Zone. Huge volume of sell orders pushed price down over $200 in a minute and was met by large buy orders in the H4 zone
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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.