Bitcoin - Reversal 3, 2, 1
Updated
Currency Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Time Frame: Daily
Predicted Direction: Long
Live BTC.USD updates will be available in the comments section below.
Comment
Price is now at historical 4hr chart support, should this be broken all eyes would be on the Daily TF.
Comment
1hr RSI providing significant bullish divergence.Comment
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
Comment
Nice clean break above the 1hr 50EMA the 4hr sits at $8686 which would be the next target.Comment
1hr 50EMA & 38.20% B&R, more upside is expected to retest the 4hr 50EMAComment
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.
Comment
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.
Comment
Bitcoin Reversal ( Bull Market )Price needs to break through 5 structure resistance levels.
Comment
Perfect 1st rejection, i have now published below my next trading opportunities.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.