Short

Updated

BTC.USD - Short Term Outlook

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

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

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

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

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

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Trading Strategy Using The 50 EMA

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

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Expect around 8k

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Bitcoin $7,000

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$ Bitcoin $ Historical Structure Levels

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

UnknownUnicorn180388

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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.