Bitcoin - $8,800 / $9,800 No Trade Zone

Zaktualizowano
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Breakout Dependent

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.
Uwaga
1hr & 4hr consolidation providing evidence additional downside is expected.
It's likely price will retest the 4hr ascending trendline.

snapshot
Uwaga
Price collapsing as expected, however we are now running into the 4hr ascending trendline which should provide us an indication of the next move.

snapshot
Uwaga
Price once again testing $9,000
It will now be interesting to see how price reacts as we approach support forming deceleration.
Uwaga
A strong break below, please note a candle close is required prior to any possible entry.
Uwaga
Bitcoin - $8,900 Short Opportunity
Uwaga
Textbook moves, i will be publishing my next thoughts this morning.
Uwaga
New Trade Idea.

Bitcoin - The Predictability
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