Bitcoin - Reversal 3, 2, 1

6. Feb. 2018

Currency Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long

Live BTC.USD updates will be available in the comments section below.

6. Feb. 2018

Anmerkung

Price is now at historical 4hr chart support, should this be broken all eyes would be on the Daily TF.

6. Feb. 2018

Anmerkung

1hr RSI providing significant bullish divergence.

6. Feb. 2018

Anmerkung

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

6. Feb. 2018

Anmerkung

Nice clean break above the 1hr 50EMA the 4hr sits at $8686 which would be the next target.

7. Feb. 2018

Anmerkung

1hr 50EMA & 38.20% B&R, more upside is expected to retest the 4hr 50EMA

7. Feb. 2018

Anmerkung

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.

7. Feb. 2018

Anmerkung

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.

7. Feb. 2018

Anmerkung

Bitcoin Reversal ( Bull Market )

Price needs to break through 5 structure resistance levels.

16. Feb. 2018

Anmerkung

Perfect 1st rejection, i have now published below my next trading opportunities.