BTC.USD - Weekly 50EMA B&C Required

Trade Pair: BTC.USD
Time Frame: Monthly, Weekly, Daily & 4hr
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.

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Although not a textbook pullback it is still valid given price has pulled back to the 38.20%

I am now looking for deceleration and potential short opportunity.

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Perfect 38.20% retracement on the 4hr TF, keep an eye on $5500