Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short ( Breakout Permitted )
Live 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.
There is no right or wrong way of using the EMA or Fibonacci tool etc, as long as the trader has identified historically that it will yield them a return then everyone is happy.
Please note it will all depend on your broker, spreads etc whether it is viable to adjust your SL.
Given current structure there may be a long opportunity available in the coming day / days.