Bitcoin - Descending Trendline Breakout Opportunity

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Trade Pair: BTC .USD
Time Frame: Daily
Predicted Direction: Long ( Descending Trendline Breakout Required )

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: Price continues to find equilibrium, i will be digging deeper on the 4hr & 1hr TF to identify which way price will break.
Comment: Although a little later than expected a breakout is now under, there is still no trade opportunity until there is a clear break and retest.
Comment: I will be keeping a close eye at $7,500 given the deceleration / reversal candles & structure just above at $7,800
Comment: Textbook move, i will be breaking down the next setup in the coming days.


Update? @TomHall
+1 Reply
Bitcoin has to break this pattern to be bull again
plz update
What does the textbook move mean exactly?
Good call dude.
+1 Reply
TomHall sumastardon
@sumastardon, Thank you :-)
In the last few days, the market is full of manipulation
You can look at Chart 4H that noticed these manipulations, there is no durability
Whether for cows or bears
Prices are rising by force and there is a tough war
If by creating these games they want to raise or lower prices, Bitcoin will lose its value
Good !)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out