Bitcoin - Day Trading Opportunity
Updated
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long
Additional Information:
I personally don't day trade crypto currencies given the spread and stops, this is for those who are a little more aggressive in their entries.
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: Daily, 4hr, 1hr & 5min
Predicted Direction: Long
Additional Information:
I personally don't day trade crypto currencies given the spread and stops, this is for those who are a little more aggressive in their entries.
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
Bitcoin - The breakout.
Note
Bitcoin - $8,900
Note
Bitcoin - The Reversal.
Note
Price is now approaching the 38.20% Fibonacci retracement, some form of deceleration is required..Note
Nice clean rejection + Acceleration.As stated from magicos there is bearish 1hr divergence, however this is only 1 negative in a check list of positives.
Note
Price has consolidated too deep in my opinion for a day trading opportunity, there would be a lack of structure to base a stop loss and this would then exceed my risk tolerance.
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.