Bitcoin - Target $8,000 - $7,000

COINBASE:BTCUSD   Bitcoin / Dollar
Currency Pair: BTC .USD
Time Frame: Daily
Predicted Direction: Short

Live 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.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
Kommentar: The Daily candle closed below $10k providing additional bearish information.
I suspect a pullback to $10.5k will occur prior to a continued push to the downside.
Kommentar: In my opinion there are 2 reversal areas to watch.
The first being the 38.20% which would also coincide with the 1hr 50EMA.
The second being the 61.80% which would coincide with the 4hr 50EMA.

Kommentar: Always keep in mind the Daily & 4hr structure levels presented below.

Kommentar: Textbook 1hr 38.20% rejection.

Kommentar: How to identify trade setups using the 50EMA

Kommentar: Price now breaking below the ascending trendline support outline above.
This for me now has all the legs to breach the $9k mark.
Kommentar: $9,000 mark has been breached :-)
Kommentar: Finally onto the final key area of $8,000 which i will personally await a reversal & long opportunity,
Kommentar: Price bouncing off $7,500, should this break i can only see the next level would be $5,500 as from my analysis above on the 21st January.
@TomHall if this goes below the 7k range, do you think it means we have headed into a long term bear market for btc?
+1 Antworten
update - reorientation

NeverNO NeverNO

"NeverNO an hour ago
if there is a closing rate on a daily basis below 7888, then you should calculate even lower levels ... even 1.62% of the Fib extension or - "worst case" - all the way to 6107 ... "
$8,000 mark also breached .Now what?
Thanks, your analysis is the best! Keep em coming!
+2 Antworten
TomHall Torreno
@Torreno, Thank you, appreciate the kind words.
+1 Antworten
TomHall dogalkozmatik
@dogalkozmatik, $8k level watching closely.
7350 inwoning maybe even 5200! Check @HamadaMark
TomHall TeddytheBear
@TeddytheBear, Possibly, let's see where it stops :-)
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden