Bitcoin - Intraday Head & Shoulders Formation
Updated
Trade Pair: BTC.USD
Time Frame: Weekly, Daily, 4hr & 1hr
Predicted Direction: Long Daily & 4hr ( $4,300 )
Predicted Direction: Short 1hr ( $3,700 )
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: Weekly, Daily, 4hr & 1hr
Predicted Direction: Long Daily & 4hr ( $4,300 )
Predicted Direction: Short 1hr ( $3,700 )
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
The Intraday ( 1hr Chart ) Is now invalid due to the break of resistance, however there is still a potential opportunity to target $4,300Note
A clean rejection of the Daily 50EMA.There is still no trade opportunity for me as price is ranging between key intraday support and resistance levels.
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