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UnknownUnicorn180388

Bitcoin - $8,800 / $9,800 No Trade Zone

Bitcoin (COINBASE:BTCUSD)  
UnknownUnicorn180388 Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators hallandcotrading Bitcoin (Cryptocurrency) bitcoinforecast bitcoinprice
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trendanalysis chartpattern indicator hallandcotrading bitcoin bitcoinforecast bitcoinprice
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Breakout Dependent

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.
Comment:
1hr & 4hr consolidation providing evidence additional downside is expected.
It's likely price will retest the 4hr ascending trendline.

snapshot
Comment:
Price collapsing as expected, however we are now running into the 4hr ascending trendline which should provide us an indication of the next move.

snapshot
Comment:
Price once again testing $9,000
It will now be interesting to see how price reacts as we approach support forming deceleration.
Comment:
A strong break below, please note a candle close is required prior to any possible entry.
Comment:
Comment:
Textbook moves, i will be publishing my next thoughts this morning.
Comment:
New Trade Idea.

Bitcoin - The Predictability
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