Bitcoin - Beware Bear Trap - Breakout Opportunity
Updated
Trade Symbol: BTC.USD
Time Frame: Daily
Predicted Direction: Long ( Breakout Required )
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.
Time Frame: Daily
Predicted Direction: Long ( Breakout Required )
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.
Note
Price is now testing the H&S neckline, however the red zone is still in play give the resistance price must break through to provide a long opportunity.Note
Price continues to reject the H&S neckline as resistance.Should price close below $3,530 it would invalidate this particular trade opportunity.
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