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.
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.
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.