BitcoinUpdated Bitcoin USD 4H Trade Parameters [BTC/USD]
Bitcoin / US Dollar 4Hour Timeframe Trade Setups
All the notes are written on the chart about what each indicator is telling us~
In this analysis I have used
-Descending broadening wedge formation
-Trend lines
-Continuation patterns
-Head and shoulders pattern
-Volume change
-EAG Yume Wave w/ Rishi Bars
-SQZMOM Indicator
-Zones of resistance
-50 EMA, 180 EMA on 4hour
-Price action analysis
Side note: this could work in conjunction with the fractals chart I made last month.
Trade parameters are laid out. It is good to be prepared for every situation.
I think it will break to the downside with some wicks being rejected by the 50EMA or Trendlines honestly.
Only trade on candle closes.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you would like to become part of a private trading group send me a pm, on here, twitter or discord (Xander#5055) . Happy to answer any questions~
~Xander
All the notes are written on the chart about what each indicator is telling us~
In this analysis I have used
-Descending broadening wedge formation
-Trend lines
-Continuation patterns
-Head and shoulders pattern
-Volume change
-EAG Yume Wave w/ Rishi Bars
-SQZMOM Indicator
-Zones of resistance
-50 EMA, 180 EMA on 4hour
-Price action analysis
Side note: this could work in conjunction with the fractals chart I made last month.
Trade parameters are laid out. It is good to be prepared for every situation.
I think it will break to the downside with some wicks being rejected by the 50EMA or Trendlines honestly.
Only trade on candle closes.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you would like to become part of a private trading group send me a pm, on here, twitter or discord (Xander#5055) . Happy to answer any questions~
~Xander
Note
A big wick hit the 50 EMA. Volume sell off is quite weak still and above the trend line, still in the rejection region.Note
Potential short incoming!Cross back through the trendline sweetspot after rejection~ more volume and this price / lower needed to hold. Volume really lacking ATM.
Note
No trade zone still, currently on rejection on trend line, volume is still disgustingly low.
Note
Waiting to open a long on a candle close if we are over the trend line.
Note
Small retracement expected after not breaking the trendline.
Note
Retracement came, and has no came in the form of rejection. Note
No trend line break no trade, ignore the trend line and trade zones on original chart.
Note
Chart now irrelevant, trend line break did come in the end and I made a small short, nothing too great.
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