Trade Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long ( $8,500 Breakout Required )
Predicted Direction: Short ( $5,850 Break & Retest 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.
Time Frame: Daily
Predicted Direction: Long ( $8,500 Breakout Required )
Predicted Direction: Short ( $5,850 Break & Retest 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:
As expected price testing the $6,700 level simply in a 4hr consolidation.
Let's see if $5,850 will hold in the coming days.
Let's see if $5,850 will hold in the coming days.
In my opinion this is an intraday consolidation period as opposed to a reversal.