Same pattern again. Look at the support on 4h and how it reacted every time.
The last 4h candle closed after touching the support, in the first hour of the new candle it engulfed the whole previous candle.
Volume doesent look too high but this looks like accumulation at that level. Of course it all depends on BTC and so on but when volume comes in this can pop like crazy. Watch the range we are stuck in (red lines) and check reactions at top and bottom of the channel.
I`m not day trading or such, only long term plays.
This is my opinion, not trading advice.
The last 4h candle closed after touching the support, in the first hour of the new candle it engulfed the whole previous candle.
Volume doesent look too high but this looks like accumulation at that level. Of course it all depends on BTC and so on but when volume comes in this can pop like crazy. Watch the range we are stuck in (red lines) and check reactions at top and bottom of the channel.
I`m not day trading or such, only long term plays.
This is my opinion, not trading advice.