Bitcoin - $8,800 / $9,800 No Trade Zone
Updated
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Breakout Dependent
BTC.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Breakout Dependent
BTC.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Note
1hr & 4hr consolidation providing evidence additional downside is expected.It's likely price will retest the 4hr ascending trendline.
Note
Price collapsing as expected, however we are now running into the 4hr ascending trendline which should provide us an indication of the next move.Note
Price once again testing $9,000It will now be interesting to see how price reacts as we approach support forming deceleration.
Note
A strong break below, please note a candle close is required prior to any possible entry.Note
Note
Textbook moves, i will be publishing my next thoughts this morning.Note
New Trade Idea.
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