Looking at our highest timeframe we see price has broke it’s uptrend from March back in May. Price has since been in a bear market, showing momentum continuing towards the downside. Expecting a drop towards 575 if we do not hold at this level.
Shifting over to our pattern timeframe we see price is respecting a , DNT has pierced our major . showing momentum is extremely with no signs of slowing down. Next major at 550-575 satoshis.
Finally looking at our trigger timeframe we see price has broken and close below our major . showing momentum is heading towards the upside, however price action is showing otherwise. A 4hour close above 750 activates our trade, however if we fail to close above this level expect the sell off to continue.
Wait for the drop towards 550 / 4Hour close above 750