[Solved] BTCUSD technical analysis
I have pulled 3 consecutive successful trades today. I used a 4-hr time frame. Bitcoin has a new support zone at $41713.13 and it seems the bulls are holding the support zone very strongly. I took a buy order position and my TP ( take profit) is $42130 on a 4-hr time frame using the candlesticks pattern.
The shadow of the previous candlestick showed a strong buying pressure. So, that's the reason why I tool a buy position. Attached is the candlesticks chart analysis.
I won the trade. The wick of the candle hits the TP and the trade was cancelled keeping the profit. This is the fourth consecutive successful trade.