BTCUSD 4/25/2022
Blue Palm Institute Setup💎
Pair💰: BTCUSD
Weekly Time Frame🖥:
Weekly Excelsius View🖥:
Daily Time Frame🖥:
Daily Excelsius View🖥:
4 Hour Time Frame🖥:
4 Hour Excelsius View🖥:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly is forming, it seems as we had a stall on the push down and bulls might take place this week. This would be likely as well since we broke a hey area the past couple weeks and made a new high to test the 47k handle.
Daily Time Frame📚: Looking at how the daily has formed, we have continually failed to break the daily lower lows and head to the daily higher low. With this, our bullish out look is more in favor than our bearish outlook right now. If we break the daily lower low though we could see the daily higher low and right after the weekly higher low, we have to just see how the daily closes.
4 Hour Time Frame📚: For sells, we need a break of the daily lower low on the 4 hour time frame, once the break, we need for the 4 hour time frame to form a 4 hour lower low, once formed, wait for the break of the 4 hour lower low on the 4 hour time frame. For buys, we need a break of the daily lower high on the 4 hour time frame, once the break, wait for the 4 hour time frame to form a 4 hour higher high, once formed, wait for the break of the 4 hour higher high on the lower time frames.
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