BTC 4H 1W 1M Analysis and Assumption for the Trading Week

30 nov 2020

Less than 2 days have passed since the publication of the previous BTC idea, and the price made +10%, fulfilling expectations.

Now, the price has come to the zone where sellers should become more active, if there are any in the market.

The 4h chart shows a fractal of the price movement, which coincides with the current BTC situation.
If sellers are unable to lower the price below $17,000, then very soon we will see an ATH update.

On the weekly timeframe, buyers managed to buy back the flowing week. However, not everything is so simple.
"Long-legged doji" has been formed on the weekly chart. Doji following a long greencandle, especially after a long uptrend, often warn of the market approaching a top.

If the price significantly falls this week, an Evening Doji Star may form on the weekly chart.
In general, we strongly recommend a more thorough study of the candle analysis used for centuries.

The monthly timeframe is entirely on the buyer's side. Today is the close of the monthly candle. The upward trend can only change if sellers are able to lower the price today to at least to $16,300, and ideally to $15,150.

In general, an interesting and dynamic week will be.
And remember the basic rule: In the market, we can only control our risks...!