BTC/USD: Where's the next FAIR Value Area?
What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the BTC/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understanding of my bullish perspective, let’s have a quick look on the monthly timeframe:
Overall during the last months the market was bearish, and it retested a strong support level that worked quite good as resistance and support.
Switching to the weekly timeframe:
In a long term perspective the market has a bullish bias, considering the last two higher highs and higher lows.
I would expect some more trend continuation to the downside before a possible trend change.
On the daily timeframe:
The market has been following a strong downtrend for a while and as you can see on the chart, around the level 42.500, buyers are ready to get into the market, considering an aggressive rejection on our weekly support level.
Back to the 4 hours timeframe:
The market is currently moving inside a fair value area, the sellers are still in control but slowly losing their strength.
As you can see on the chart, the most trading activity in this last fair value area is happening to the upside of the channel, it’s a clue that buyer are showing interest on that level.
I would expect some more continuation to the downside, as I showed in the picture, waiting for a new fair value area before a trend change.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
For a better understanding of my bullish perspective, let’s have a quick look on the monthly timeframe:
Overall during the last months the market was bearish, and it retested a strong support level that worked quite good as resistance and support.
Switching to the weekly timeframe:
In a long term perspective the market has a bullish bias, considering the last two higher highs and higher lows.
I would expect some more trend continuation to the downside before a possible trend change.
On the daily timeframe:
The market has been following a strong downtrend for a while and as you can see on the chart, around the level 42.500, buyers are ready to get into the market, considering an aggressive rejection on our weekly support level.
Back to the 4 hours timeframe:
The market is currently moving inside a fair value area, the sellers are still in control but slowly losing their strength.
As you can see on the chart, the most trading activity in this last fair value area is happening to the upside of the channel, it’s a clue that buyer are showing interest on that level.
I would expect some more continuation to the downside, as I showed in the picture, waiting for a new fair value area before a trend change.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
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