Bitcoin… It is time to grow.
Bitcoin ( BTCUSD ) 4H Timeframe Analysis by Alan Masters
We have a chart.
We predicted a breakout, even though we refrain from making predictions, and this is what we are waiting for (already ongoing since 54k~).
We feel confident because we already have a very strong signal with Ethereum ( ETHUSD ) that is already going up.
We also have the technicals on our side…
We have higher lows, strong , prices above the EMAs and more.
On this timeframe, 4h, we are above $55,000.
I mention the timeframe because the levels can vary depending on the timeframe we are looking at.
For example, the monthly and weekly timeframes will give us different signals compared to the daily and 4h.
A timeframe can be , for example 1h, while another one can be , for example, 3days.
This is an important distinction to make.
If you are trying to come up with a general view, a broad picture as to what is going on with a pair, an altcoin, a stock… Then you can analyze multiple timeframes and see what you get.
But if you are looking at a short-term call, you can focus on a single timeframe, build your plan before buying and later start to trade.
Yes… Patience is key! But Bitcoin is likely to resume growing TODAY!
What’s your take?
Share in the comments…
As you can see, with have a bullish bias and the iH&S pattern formed to indicate that the low is in.
Prices will now grow until we have a clear rejection at the next resistance.
Bitcoin's trend is bullish short, mid and long-term.