Looking at the following four hour graph, guys, what we could see here is we have the yellow waves. A diverging ensures that they are making a higher low, and that's showing us that the bearish momentum is reducing. However, we did not produce less decrease in the price, so that would not support that a divergence. It is just showing us we now have.
A sluggish drift directly here in the yellow wave along with in the purchase price potency lineup. Alright, so probably we will come now to 8-4 fifty and also the trend lineup on for four hour and we receive precisely the withdrawal and rejection over two eighty one 15 by that case we could observe a more balance out of anybody 50 and that is when we do not manage to get over the four-hour trend line, new ways with regard to weekly could sit.
Nothing. Practically nothing really changed here. We are still over the weekly trendline. And that I presume what's going to be crucial this really is really a monthly close of January. Thus we'll close at every week, at a week times or so, however definitely important to watch where we now could near January anyways, how it stands right now, based on the four-hour graph on Bitcoin, uh, we did 2 earnings at 8,500, uh, to the trade, which we have had from the class.
At this time it will not look like the price would like ahead and decide to try and break the four-hour fad line, which I believe it is not going to perform, and we will maybe arrive down and test eighty 81 15 and we will probably get yourself a bounce from that point. However, when we can manage to break the four hour trendline and we may begin visiting a continuation at the upsidealthough I'm not thinking that this is going to take place all through the weekend, some times it does with Bit-coin, you don't know.
Oh. So we are going to need to see. Looking at the theorial. Studying a tearoom men, we'd had a bullish divergence right in with all the phantom branch, with yellow waves, also the purchase price. Uh, we had the yellowish tide jelqing, dividing the zero line price tag, which makes a lower low, verifying a divergence and price travelled upward in one fifty four all the way up to a 6 4.
Uh, failed to break the resistance lineup , return down into a 57. At this time we are handling a one 60 and also we did not figure out how to live much, either the already trend lineup. It's possible to see here. Once we broke the one, our tendency lineup was rear tested since service backagain. Um, then, uh, we struck it, dropped the support level plus it has been behaving as immunity.
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