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Short

BTC.USD - Short Term Outlook

By UnknownUnicorn180388
Updated
Trading Pair: BTC.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

Live BTC.USD updates will be available in the comments section below.
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Price now pulled back to the 4hr 50EMA & 38.20% Fibonacci.
Potential short opportunity.
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Price now breaking out the consolidation channel, i expect price to test 13200
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Price now approaching the 13200 level, i would expect minor intraday support.
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Trading Strategy Using The 50 EMA
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I am now expected price to retest 112K this would form a new lower low.
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Expect around 8k
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Bitcoin $7,000
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$ Bitcoin $ Historical Structure Levels
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$5,000 drop since the break a& close below Daily 50EMA
BTCUSDChart PatternsTechnical IndicatorsTrend Analysisukforexsignals
UnknownUnicorn180388

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