BTCUSDT. Daily and 4 hour TF analysis
2024-12-27
Category: None

Hey traders and investors!

 Daily Timeframe Analysis 
The price of Bitcoin is in a range on the daily timeframe. The lower boundary is 90,500, and the upper boundary is 108,353 (more details in previous reviews).

The seller's vector 3-4 stopped at the level of 92,232.54. The key bar in the seller's vector (the bar with the highest volume) is the bar from December 19. At the beginning of the seller's vector, a seller's zone was formed with a lower boundary of 103,333 (red rectangle on the chart), and this zone has not yet been tested by the buyer on the daily timeframe. This means there is a high probability of the seller resuming from this zone.

The buyer's vector 4-5 started to develop on December 20, and on December 21, the seller resumed from the key bar of the seller's vector, forming the test level of the key bar of the seller's vector at 99,540.61. Then, the price interacted with the test level, and yesterday, December 26, the seller resumed again. The potential target for the seller could be 92,232.54.

 4H Timeframe Analysis 
On the 4-hour timeframe, the price is also in a range with similar boundaries to the daily timeframe: the lower boundary is 90,500, and the upper boundary is 108,353.

The seller's vector 13-14 reached the required target, and the buyer's vector 14-15 began to develop with a potential target of 102,800.11.

 Summary: 
On the weekly timeframe (see previous reviews), there is a long trend. The priority is buying.

On the daily and 4-hour timeframes, there are ranges. It is a priority to look for buys at the bottom of the range and sells at the top.

It is interesting to look for buying opportunities (buy patterns) after the price interacts with 92,232 or 90,500. The potential target is 102,800 (103,333).


I wish you profitable trades.