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BTCUSD MULTI-TIMEFRAME ANALYSIS 11/01 to 15/01

DiscoverFx Updated   
BITSTAMP:BTCUSD   Bitcoin
Monthly, Weekly and Daily price structure is bullish . So there is no situation where we will be looking for shorts. Price currently retraces to a support zone as highlighted on the Daily time-frame. However the H4 market structure is currently bearish . Therefore it will be better to wait for the H4 market structure to turn bullish before going in for longs.

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Comment:
Price reacted well at the support zone.
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