BitcoinUpdated Bitcoin - Patience NOT Gambling Required.
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: N/A
BTC.USD updates will be available in the comments section below.
Additional Information:
Price currently is sitting in between 2 key levels ( $8,600 & $9,700 ) which is causing the indecision and lack of impulsive price movements.
Trading the indecision ( sideways movement ) guessing which way it will break is in my opinion a gamble as the odds are not in my favour.
My approach is to await the next impulse which will either provide a swing or day trading opportunity.
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: N/A
BTC.USD updates will be available in the comments section below.
Additional Information:
Price currently is sitting in between 2 key levels ( $8,600 & $9,700 ) which is causing the indecision and lack of impulsive price movements.
Trading the indecision ( sideways movement ) guessing which way it will break is in my opinion a gamble as the odds are not in my favour.
My approach is to await the next impulse which will either provide a swing or day trading opportunity.
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
A nice clean break and close below the 1hr / 4hr 50EMA & ascending trendline.Awaiting a consolidation period.
Note
A consolidation / pullback is now underway.Awaiting a short opportunity, however I would advise being patient as the pullback may not validate my entry rules.
Note
Currently there is no entry for me to take advantage of the move, however i expect continued downside towards $8,700Note
It's time.
Note
New Trade Idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.