Short

BTC.USD - Short Term Outlook

By UnknownUnicorn180388

Updated

Trading Pair: BTC.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

Live BTC.USD updates will be available in the comments section below.

Note

Price now pulled back to the 4hr 50EMA & 38.20% Fibonacci.
Potential short opportunity.

Note

Price now breaking out the consolidation channel, i expect price to test 13200

Note

Price now approaching the 13200 level, i would expect minor intraday support.

Note

Trading Strategy Using The 50 EMA

Note

I am now expected price to retest this would form a new lower low.

Note

Expect around 8k

Note

Bitcoin $7,000

Note

$ Bitcoin $ Historical Structure Levels

Note

$5,000 drop since the break a& close below Daily 50EMA

UnknownUnicorn180388

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.