Bitcoin - The BIG Short ( Multi-Timeframe )
Currency Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short
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.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short
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.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
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The next key structure at $7500
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The $8k level is approaching which is a key level i am looking for support & a reversal.
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$8,000 has been breached, i will now keep my eye very close to the chat looking for longer therm reversals.
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Price bouncing off $7,500, should this break i can only see the next level would be $5,500 as from my analysis above on the 21st January.
There is minor bullish divergence, however the sell off doesn't yet look like it's over.