BTC chart for 1/5/21 @19:00 EST showing possible trend lines
same chart as before now side by side 1h and 4h.
we got a sh*t load of new candles at 19:00 EST. this one is looking at the 1h and 4h side by side.
the 4h volume looks strong for now but turning downward, imo means we maybe running out of steam will need to keep and eye on the volume going forward. we want average to above average to keep the run sustained. however low volume red candles are considered safe to stay long.
if you not in yet wait for break of the ATH with a nice candle and strong volume before you jump in. waiting a little longer for retest and bounce (again with volume) can confirm a strong move if you have the patience.
***im not a professional...just here to help share ideas***
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we got a sh*t load of new candles at 19:00 EST. this one is looking at the 1h and 4h side by side.
the 4h volume looks strong for now but turning downward, imo means we maybe running out of steam will need to keep and eye on the volume going forward. we want average to above average to keep the run sustained. however low volume red candles are considered safe to stay long.
if you not in yet wait for break of the ATH with a nice candle and strong volume before you jump in. waiting a little longer for retest and bounce (again with volume) can confirm a strong move if you have the patience.
***im not a professional...just here to help share ideas***
like and subscribe if you like the content
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forgot to mention...possible cup and handle on the 4h.. very bullish bias trend