Possessing a peek at the four hour chart, men, what we are able to view here on phantom division two is that we can observe that we've blue columns. Green dot straight here. Uh, as well as infact we are, could be, we all are gearing up to retest the trend-line on the four hour interval. We do have any room to the drawback depending on the bottom of this higher time for, we have a look in the every day, can still view that we are encouraged of this daily trend lineup directly here, which is wholly, um, I mean it is nonetheless a excellent indication which we're retaining in both the everyday trend lineup right now and now we get a bounce having a look.
It moves through it and you also may see that people have columns that are red. And ghost branch excursion. The truth is that I had been anticipating the columns to all switch to blow up, but they are still reddish. Okay. S O daily we're retaining the trend line right here and I think that people ought to be finding worried when we start out losing it. When we start off shutting below, should we begin shutting dailies and under the daily fashion lineup, which is definitely a exact sound, but right now is that we have been holding a, it.
We're still staying bullish. We have to continue in mind we have the pillars that are still are red and we have the power and goes to division down three pointing . When we do zoom in and also have a look at a 12 hour graph , we can observe that the strike line starts to curve right into the up side here, however still didn't support with a green dot, which means fundamentally that individuals have to attend till we see.
A green scatter to strength line on development, on the daily timeframe, that can verify a possible up-trend. Okay. Now there's just a specific price amount, and it is essential for its increase to transport, and it would be a 78 15 why for this is because you can see throughout the price section below that this level has been behaving as service for Bit-coin throughout the purchase price portion.
Right here, we have aid, support. A service , and we get a harmony. And as soon as it's acting as resistance, once we broke it right here, the conclusion of November, once we misplaced that the support level, it has been behaving as resistance direct here. Um, and fundamentally, uh, we could observe that people possess the everyday trend line acting as immunity or as we've lost this specific support.
So it's important the everyday timeframe we maintain closing over the daily trend lineup to stay a bullish with the forex market. When we begin putting grim columns on goes branch two along with a straight line, that could carve into the upsideand which would show us that we have a room to the upside down and also that we'll endure bigger.