Bitcoin - The Last Structure Support Available
Updated
Trade Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long ( $8,500 Breakout Required )
Predicted Direction: Short ( $5,850 Break & Retest Required )
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
Predicted Direction: Long ( $8,500 Breakout Required )
Predicted Direction: Short ( $5,850 Break & Retest Required )
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
Price by no means has rejected $5,850 keep a close eye as price approaches $6,700In my opinion this is an intraday consolidation period as opposed to a reversal.
Note
As expected price testing the $6,700 level simply in a 4hr consolidation.Let's see if $5,850 will hold in the coming days.
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