BTC | June 22 | 15min ChartBitcoin / U. S. DollarKRAKEN:BTCUSDStudyGuideTAThe 4hr support line is just below price at time of posting. There are two 15min timeframe levels within the 4hr candle that could promote price to deep dive the 4hr support to those 15min levels. above price is a daily and monthly timeframe. Since strength favors the higher timeframes this set up favors the bears. If price were to continue higher it would have a better chance finding a 4hr support level and creating a 4hr local range accumulation trend to break the daily resistance. Multiple Time-Frame Analysis; Color Code | Strength favors the higher timeframe. Yearly timeframe = black Monthly timeframe = pink weekly = grey daily = red 4hr = orange 1hr = yellow 15min = blue 5min = green if they are shown. (Level visibility on intervals is set to timeframe the level was found on and below to keep chart view organized.) ** Candle Science explained ** A Range = two or more consecutive color candles. There are two types of ranges - accumulation and distribution. DISTRIBUTION RANGES DEFINED: BackSide (BS) Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to or away from level. FrontSide (FS) Candle - Last distribution candle in a distribution range. Expectation = reversal, create a trend in the opposite direction. Distribution candles are used as support. ACCUMULATION RANGES DEFINED: Inverse BS (Inv.BS) - First Accumulation candle in an accumulation range. Expectation. = strong reaction to price. long wicks reaching to or away from level. Inverse FS (Inv.FS) - Last accumulation candle in an accumulation range. Expectation = reversal, create a trend in the opposite direction. Accumulation candles are used as resistance.