BTC/USD Trade Idea

Hello and welcome to my Trade Idea of the currency pair BTC/USD.

Lets start with the Top Down Analysis.


Monthly: We see on the monthly timeframe a up trend.

Weekly: Weekly is ranging but because of the L.H. (Lower Highs) the trend is bearish.

Daily: The daily timeframe is bearish.

H4: We draw on the h4 timeframe the pennant pattern. Because of the break from the support line we expect a push to the lows.


Have a nice day.