Bitcoin - Trade The Next Impulse
Updated
Currency Pair: BTC.USD
Time Frame: Daily, 4hr & 1hr
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.
Time Frame: Daily, 4hr & 1hr
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.
Note
Pre trade analysis.
Note
Price is getting squeezed on the 1hr TF, i expect an explosive breakout in either direction very soon.Remember i am watching the 4hr TF for an entry.
Note
A strong rejection of the 4hr 50EMA, 38.20% FibA break and close below $7740 would confirm the additional downside expecting price to test 6k.
Note
Price approaching short opportunity should a 4hr breakout occur.Note
Awaiting a intraday pullback prior to taking this setup short.
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