BitcoinShort
BTC/USD Trade Idea
Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a up trend.
Weekly: Weekly is ranging but because of the L.H. (Lower Highs) the trend is bearish.
Daily: The daily timeframe is bearish.
H4: We draw on the h4 timeframe the pennant pattern. Because of the break from the support line we expect a push to the lows.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a up trend.
Weekly: Weekly is ranging but because of the L.H. (Lower Highs) the trend is bearish.
Daily: The daily timeframe is bearish.
H4: We draw on the h4 timeframe the pennant pattern. Because of the break from the support line we expect a push to the lows.
Have a nice day.
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