Bitcoin - $8,800 / $9,800 No Trade Zone
Diupdate
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Breakout Dependent
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: Breakout Dependent
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.
Catatan
1hr & 4hr consolidation providing evidence additional downside is expected.It's likely price will retest the 4hr ascending trendline.
Catatan
Price collapsing as expected, however we are now running into the 4hr ascending trendline which should provide us an indication of the next move.Catatan
Price once again testing $9,000It will now be interesting to see how price reacts as we approach support forming deceleration.
Catatan
A strong break below, please note a candle close is required prior to any possible entry.Catatan
Catatan
Textbook moves, i will be publishing my next thoughts this morning.Catatan
New Trade Idea.
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