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Edgy_
Jul 10, 2019 11:01 AM

Bitcoin Multi-Timeframe Analysis 

Bitcoin / United States DollarCoinbase

Description

Hello dear crypto friends, in this special BTC analysis, we're gonna look at the different timeframes with grandpa BTC currently:

1H Chart

  • Double Bottom defended the 12k.
  • Since then Uptrend indicated by higher Lows




4H Chart

  • Higher Lows successfully established at 12K
  • Currently 2 Inside Bars which will indicate the direction when they break out




1D Chart

  • Bullish Pennant Breakout
  • Turns into potential Cup & Handle if we reject from 13K now, indicating further tightening




1W Chart

  • Daily Bullish Pennant invisible, shows itself as Doji candle with huge upper wick
  • Definitely overbought, and needs to consolidate soon, even if we now climb higher for a few days




If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)

Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Comments
EbbNFlo
@Edgy_ 2 thumbs up dude, great work
Edgy_
@EbbNFlo, Thx so much brother! ;)
chrismotu
I hope it will change like your forcast.
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