Bitcoin - Day Trading Opportunity

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

Additional Information:
I personally don't day trade crypto currencies given the spread and stops, this is for those who are a little more aggressive in their entries.

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
Bitcoin - The breakout.

Bitcoin - $8,800 / $9,800 No Trade Zone
Uwaga
Bitcoin - $8,900

Bitcoin - $8,900 Short Opportunity
Uwaga
Bitcoin - The Reversal.

Bitcoin - The Predictability
Uwaga
Price is now approaching the 38.20% Fibonacci retracement, some form of deceleration is required..
Uwaga
Nice clean rejection + Acceleration.
As stated from magicos there is bearish 1hr divergence, however this is only 1 negative in a check list of positives.
Uwaga
Price has consolidated too deep in my opinion for a day trading opportunity, there would be a lack of structure to base a stop loss and this would then exceed my risk tolerance.
Bitcoin (Cryptocurrency)bitcoinforecastbitcoinpriceBTCUSDChart PatternshallandcotradingTechnical IndicatorsTrend Analysis

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