#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
As you can see on the 4-hour chart, we have this grey area from $60,500 to $61,800, and this area could act as a resistance for #Bitcoin.
So now I'm waiting for the price to come higher to this grey area, and if it provides us with confirmation, we can look for a short position.
As you can see on the 4-hour chart, we have this grey area from $60,500 to $61,800, and this area could act as a resistance for #Bitcoin.
So now I'm waiting for the price to come higher to this grey area, and if it provides us with confirmation, we can look for a short position.
Note
This grey area is based on the daily Fair Value Gap (FVG) and the daily order block.
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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.