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

7 thg 5, 2018

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.

8 thg 5, 2018

Ghi chú

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

8 thg 5, 2018

Ghi chú

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

9 thg 5, 2018

Ghi chú

Price once again testing $9,000
It will now be interesting to see how price reacts as we approach support forming deceleration.

11 thg 5, 2018

Ghi chú

A strong break below, please note a candle close is required prior to any possible entry.

13 thg 5, 2018

Ghi chú

18 thg 5, 2018

Ghi chú

Textbook moves, i will be publishing my next thoughts this morning.

18 thg 5, 2018

Ghi chú

New Trade Idea.