UnknownUnicorn180388

Bitcoin - The Predictability

Long
COINBASE:BTCUSD   Bitcoin
Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long

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.
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Price is stalling just above the 1hr 38.20% Fibonacci retracement.
It's likely this is the minor consolidation prior to the next bearish impulse.
Comment:
Textbook daily rejection, keep an eye toward $8900
Comment:
Day Trading Opportunity.

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