BTC.USD - Short Term Outlook for COINBASE:BTCUSD by UnknownUnicorn180388 — TradingView

Trend Analysis Chart Patterns Technical Indicators ukforexsignals BTCUSD

trendanalysis chartpattern indicator ukforexsignals btcusd

Trading Pair: BTC.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short

Live BTC.USD updates will be available in the comments section below.

Comment:

Price now pulled back to the 4hr 50EMA & 38.20% Fibonacci.
Potential short opportunity.

Comment:

Price now breaking out the consolidation channel, i expect price to test 13200

Comment:

Price now approaching the 13200 level, i would expect minor intraday support.

Comment:

Trading Strategy Using The 50 EMA

Comment:

I am now expected price to retest $12k this would form a new lower low.

Comment:

Expect around $8k

Comment:

Bitcoin $7,000

Comment:

$ Bitcoin $ Historical Structure Levels

Comment:

$5,000 drop since the break a& close below Daily 50EMA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.