Bitcoin Battles $117K Support 💥 | Will the 4 Hour 200 MA Hold? EP. 105

2 months ago
12

🚨 In Episode 105 of the Flex Candle YouTube channel, we do a full top-down Bitcoin analysis—from the weekly to the 15-minute chart. The focus: can BTC hold $117K, or will we see deeper downside toward $113K?

📉 Key Patterns & Timeframe Highlights:

Weekly: Green candle closed, but stochastics still toppy

Daily: Red engulfing candle forming after bounce; 21 MA at $117,420

8H: Lost 21 & 50 MAs — eyes on 80 MA at $115,306

4H: Rejected at top of flag, possibly breaking down

1H & 2H: Lost all MAs; stochastics low but need confirmation

15M: Head & Shoulders played out to perfection, drop from $119,800 to $117,424

Still ranging between $116K–$120K, waiting for the weekly 21 MA catch-up

🎯 Will the 4H 200 MA at $113,618 hold, or are we headed lower before the next leg up?

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👇 Comment your target for BTC this week!

NOT FINANCIAL ADVICE! I'M NOT A FINANCIAL ADVISOR!

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