Bitcoin - Descending Trendline Breakout Opportunity
Trade Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long ( Descending Trendline Breakout Required )
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.
Time Frame: Daily
Predicted Direction: Long ( Descending Trendline Breakout Required )
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.
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Price continues to find equilibrium, i will be digging deeper on the 4hr & 1hr TF to identify which way price will break.
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Although a little later than expected a breakout is now under, there is still no trade opportunity until there is a clear break and retest.
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I will be keeping a close eye at $7,500 given the deceleration / reversal candles & structure just above at $7,800
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Textbook move, i will be breaking down the next setup in the coming days.