Analysis of the trading situation for BTC from the daily review
Hello guys, let’s take a look at the local picture for BTC
1h TF
At the moment, we are forming Phyp figures and we have prerequisites in the form of a rebound from the top, and a potential Bearish crossing, and for further growth we must form the right shoulder
Also at 4h and 12h there is a significant advantage of longs, which tells us about a local drawdown
4h TF
On this time frame we see an excellent combination of moving averages and on this time frame we see a potentially bullish intersection and a decrease in the volumes of short-sellers, therefore we already understand that the moving averages will intersect in a bullish way in the future, but first we must work out the junior time frame forming the senior one.
On the RSI chart we see a small Pgip, which will be another confirmation
