TomHall

Bitcoin - Multi-Timeframe Cluster Resistance

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Trade Pair: BTC .USD
Time Frame: Daily
Predicted Direction: Long ( $7,250 Breakout Required )
Predicted Direction: Short ( $6,700 Rejection 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.
Sep 17
Comment: A strong rejection, however for it to be confirmed i would like to see price break below $6,100
Sep 26
Comment: Price has rejected the $6700 level as expected, however we have seen little bearish acceleration, this gives me the indication we could see another push towards $6,700 into late this week early next week.
Oct 12
Comment: I will be watching the intraday timeframes e.g 4hr & 1hr to identify whether or not the pullback is simply a consolidation period prior to additional downside, or a reversal.
thanks.
Reply
I was waiting for 5800 but it seems it wants to fly before touching our buy line. So what is the spite point ? Thanks for guide
Reply
TomHall StephMoen
@StephMoen, Hi,

Although a minor pullback has occurred there is still clear bearish pressure.
+2 Reply
@TomHall, So we are waiting for 5850. Thanks Tom, always perfect analysis
+1 Reply
TomHall StephMoen
@StephMoen, I have just updated the post for you :-)
+2 Reply
Hi Tom, where is the spite point ?
Reply
Hi Tome can you update the chart again :) With regards
+1 Reply
TomHall StephMoen
@StephMoen, Hi,

Currently the same analysis as price continues to fail breaking through $6,700

I will update should their be any change :-)
Reply
hi Tom. any update?
+1 Reply
TomHall kasrom990
@kasrom990, Hi,
Just updated for you.
+1 Reply
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