BTCUSD Four Hr TF Pivot 6th August, 2022

BTCUSD 4HR TF:

BTCUSD price closed on the 5th August, 2022 at 23311.09.

Opening price for today is 23308.9.

Pivot for the day is 23124.06 and this is below market open price.

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BTCUSD 4HR PIVOT ANALYSIS (16:09 GMT):

Support and Resistance levels for the 5th Four-Hour Period for the Day

Resistance 3

23323.33

Resistance 2

23281.95

Resistance 1

23240.97

Pivot Point

23199.59

Support 1

23158.61

Support 2

23117.23

Support 3

23076.25

For this four hour session, look out for support at 23137.

Also watch out for Resistances at 23281 and 23323.

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BTCUSD 4HR PIVOT ANALYSIS (12:20 GMT):

Support and Resistance levels for the 4th Four-Hour Period for the Day

Resistance 3

23391.38

Resistance 2

23325.31

Resistance 1

23244.33

Pivot Point

23178.26

Support 1

23097.28

Support 2

23031.21

Support 3

22950.23

For this four hour session, look out for support at 23064.

Also watch out for Resistances at 23325 and 23391.

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BTCUSD 4HR PIVOT ANALYSIS (10:20 GMT):

The 4hr chart is currently showing that market price is currently Ranging.

The market Price is currently testing the 4hour Time Frame Pivot.

Price may breakout higher towards Resistance 1 (23247 area) before jumping further to 23293 (Resistance 2).

Break and close above that level will definitely take price to Resistance 3 (23350 area).

Support 1, which is at the 23144 area is currently being eyed by the Bears.

A break below Support 1 may take price to Support 2 (23087 area).

Break and close below that level will definitely take price to Support 3 (23041 area).

Overall bias on the 4 hour chart is that market price is currently Ranging.

Find below computation results for Pivot Point, Support and Resistance levels for the 3rd Four Hour Period for 6 August, 2021.

Support and Resistance levels for the 3rd Four-Hour Period for the Day

Resistance 3

23350.11

Resistance 2

23293.10

Resistance 1

23247.19

Pivot Point

23190.18

Support 1

23144.27

Support 2

23087.26

Support 3

23041.35

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BTCUSD 30 MINS PIVOT TF 6 AUGUST 2022

For this four hour session, look out for support at 23115.

Also watch out for Resistances at 23293 and 23350.

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Market

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Support and Resistance

 

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