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WaineNZeddmo
Sep 23, 2017 3:58 PM

BTCUSD 4H CHART BITCOIN MARKET CONDITIONS 

Bitcoin / DollarBitfinex

Description

Strogn downtrend can be seen on the BTCUSD pair.

As the pattern developes, we can see a double bottom or H&S.

Entry/Exit levels are suggested for both scenarios.

ADX in range, with +/-DI crossing.

There is no long/short suggestion at the time. Just keep watching the market.

WNZ
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Comment

We have a nice break from downtrend. Now it is time to defeat resistance line over 4100 to go long with decreased risk

Comment

We are looking right now for a double bottom pattern. Time to analyze altcoins
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