Bitcoin - Reversal 3, 2, 1
Updated
Currency Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Time Frame: Daily
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Note
Price is now at historical 4hr chart support, should this be broken all eyes would be on the Daily TF.
Note
1hr RSI providing significant bullish divergence.Note
Price pulled back to 1hr 50EMA & 38.20%We will see if price can break above the first minor 1hr resistance just above $7,200
Note
Nice clean break above the 1hr 50EMA the 4hr sits at $8686 which would be the next target.Note
1hr 50EMA & 38.20% B&R, more upside is expected to retest the 4hr 50EMANote
4hr TF.Within the coming hours i believe we will know more about the longer term outlook for bitcoin depending on the EMA rejection or breakout.
Note
4hr price is looking to form a high test candle aswell as the 1hr TF.We also have bearish 1hr RSI divergence forming running into 4hr resistance.
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Bitcoin Reversal ( Bull Market )Price needs to break through 5 structure resistance levels.
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Perfect 1st rejection, i have now published below my next trading opportunities.
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