Bitcoin - $8,900 Short Opportunity

13 thg 5, 2018

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

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.

14 thg 5, 2018

Ghi chú

Price hadn't pulled back deep enough for a short entry, however i will be keeping a close eye for a second consolidation which would = a short opportunity.

14 thg 5, 2018

Ghi chú

Should price break and close below $8285 expect the next bearish impulse, forming the new lower low.

14 thg 5, 2018

Ghi chú

Given the current aggressive pullback, keep an eye on the $8,900 ( 4hr TF )

15 thg 5, 2018

Ghi chú

Price is respecting the 4hr chart resistance at 8.9k
Depending on the impulse i will look for a short opportunity.

15 thg 5, 2018

Ghi chú

16 thg 5, 2018

Ghi chú

Keep an eye out for $7,900 over the coming day / days.

17 thg 5, 2018

Ghi chú

18 thg 5, 2018

Ghi chú

New Trade Idea.

23 thg 5, 2018

Ghi chú

Price once again retesting the $8,000 structure support.
Awaiting a potential reversal.

30 thg 5, 2018

Ghi chú