Possessing a look at the following four hour chart, men, what we could see the following on ghost branch two is that individuals can easily see that we've blue columns. Green scatter right here. Uh, as well as in fact we are, could be, we are gearing up to re-test the trend-line on the 4 hour timeframe. We do have some room to the drawback depending on the bottom of the greater time for, we have a peek in the everyday, can still see that we are supported of this daily tendency lineup directly here, which is wholly, um, after all it's nonetheless a fantastic indication that we are keeping in both the daily tendency line right now and now we all receive a bounce using an appearance.
It moves and you may note that people now have columns that are reddish. And ghost branch tour. The truth is that I was anticipating the columns to each of turn to blow upward, but they're still red. Ok. Therefore daily we're keeping the trend line below and I think that we need to be receiving worried when we start out losing it. When we commence shutting underneath, should we start off shutting dailies and under the everyday trend line, that would be definitely a exact strong, but is we are holding it.
We're still staying bullish. We've to bear in mind we have the columns which are still are red and we still have the energy and head to branch three pointing downagain. If we really do zoom in and have a peek at some 12 hour graph , we could realize that the attack line starts to curve into the up side here, but still didn't support having a green dot, so fundamentally that individuals need to hold back until finally we view.
A green scatter on strength line on progress, on the day-to-day period, which will affirm a prospective up trend. Ok. Currently there is just a particular price amount, and it is essential for the boost to hold, also it would be a 78 1-5 the reason to this is because you are able to see during the price section below that this level has been acting as support for Bitcoin all through the purchase price segment.
The following, we have support, support. A support , also we receive yourself a stability. And once it's behaving as immunity, after we snapped it all right here, the conclusion of November, once we misplaced the service level, it has been behaving as immunity direct here. Um, and fundamentally, uhwe are able to see that we have the everyday trend-line acting as immunity or once we have missed this service.
So it is important that the everyday time we maintain closure above the everyday tendency line to stay a bullish with this marketplace. When we start off putting grim columns goes branch two along with a straight line, that could carve into the up side , that would absolutely show us that we have an area into the upside down and that we will continue higher.