Currency Pair: BTC.USD Time Frame: Daily Predicted Direction: Short
Live 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. Should my daily predicted direction be incorrect no trade opportunity will be generated.
Bình luận
⋅
The Daily candle closed below 10k providing additional bearish information. I suspect a pullback to 10.5k will occur prior to a continued push to the downside.
Bình luận
⋅
In my opinion there are 2 reversal areas to watch. The first being the 38.20% which would also coincide with the 1hr 50EMA. The second being the 61.80% which would coincide with the 4hr 50EMA.
Bình luận
⋅
Always keep in mind the Daily & 4hr structure levels presented below.
Bình luận
⋅
Textbook 1hr 38.20% rejection.
Bình luận
⋅
How to identify trade setups using the 50EMA
Bình luận
⋅
Price now breaking below the ascending trendline support outline above. This for me now has all the legs to breach the 9k mark.
Bình luận
⋅
$9,000 mark has been breached :-)
Bình luận
⋅
Finally onto the final key area of $8,000 which i will personally await a reversal & long opportunity,
Bình luận
⋅
Price bouncing off $7,500, should this break i can only see the next level would be $5,500 as from my analysis above on the 21st January.
Descending triangle. Touched top 3 times, touched base 3 times. Currently hit the 123 day MA. 1 more bounce to the upside and then down to $7,500. Short.
@Pulsar19, everyone is hoping for 7-8k thinking they will buy but if it gets that far it might continue down to 3-5K
NotifsAccount
⋅
@devilninja777, Damn well if it gets to 3K-5K it might go to 1K-2K, and if it gets to 1K-2K it will probably go to 500-800 and if it gets to there it will probably go to $1
@NotifsAccount, don't joke around :D.
3-5K is certainly a possiblity after this bullrun, if tether is fake. 2K as extreme. But given that it can do it.