Currency Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Kommentar:
Price running into 1hr 50EMA a break and close above this should confirm the short term trend change.
Kommentar:
On the 1hr TF price is forming a HL should it break above $9200 which would confirm a short term reversal.
Kommentar:
4hr & Daily structure levels you should be aware of prior to a trading opportunity.
Kommentar:
Currently there is no signs of a reversal as price rejected the 1hr 50EMA, until there is a break i would be cautious about long opportunities.
Kommentar:
Price has just closed above the 1hr 50EMA, expect more upside.
Kommentar:
Bitcoin Thoughts:
Predicting short term price action is not to difficult with a brief understanding of human psychology, however predicting the larger moves becomes a little more difficult as we have very little historical data to draw any significant S & R levels, i would advise keeping that in mind prior to shooting for large excessive targets.
Predicting short term price action is not to difficult with a brief understanding of human psychology, however predicting the larger moves becomes a little more difficult as we have very little historical data to draw any significant S & R levels, i would advise keeping that in mind prior to shooting for large excessive targets.
Kommentar:
Buyers flooding in as $10k back in sight, although my initial eyes are on $10.5 keep a look out for any resistance and indecision if / when price approaches $10k
Kommentar:
We have now seen the break i do now expect the retest of the 1h 50EMA in the coming hours.
Kommentar:
1hr 50EMA & 38.20% is expected prior to a push higher.
Kommentar:
Break & retest of 1hr 50EMA confirmed, however the next minor resistance that is the 4hr 50EMA, should this break i see now strong resistance on the way to $10.5k
Trade wurde manuell geschlossen:
Price failed to break and close above 4hr 50EMA
Kommentar:
I hope everyone managed to close prior to the pullback, for me i'm sitting back waiting for price to provide us the next opportunity.
