}
Hi,
Let's understand the current technical view on Candle Chart Pattern in a different time frame.
1 Day Candle Chart.
In the 1-day candle pattern, we can clearly see that the BTC/USD current price action is at the resistance level according to history.
To take a buy action and for the safer side, it will be good to wait till the price action come near support 1 or support 2.
15 Minute Candle Chart.
In the 15 Minutes Candle chart, we see that the price action going down which also indicated that the price action is currently at the downtrend.
We can also see that the multiple times he is getting support(shown by Arrow) at the particular price level, from this level if it is able to cross the downtrend shown by the down red trend line, then the price action can go again at the resistance.
In the above current market price and based on candle pattern study, we can see where to buy, sell, and hold.
What's your call on this current price action.