ショート

Bitcoin - Historical $11,200 Breakout

アップデート済

Currency Pair: BTC.USD
Time Frame: 1hr
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.

ノート

ノート

Daily chart analysis.

ノート

PLEASE NOTE:
Should there be no break below $11,200 there will be no short opportunity.

ノート

Price now breaking all structure levels presented on chart.

ノート

Expect price to find minor support at 11k

ノート

Head & Shoulders Trading Strategy.

ノート

Price has rejected 4hr 50EMA more than x7 times since 09.01.2018

ノート

4hr ascending trendline support dating back to 17.01.2018

Will price find support again or break through another support level?

ノート

Price has now run perfectly into 11k we will see how this level holds as very minor structure 1hr support.

ノート

What is everyone's predictions for Bitcoin in 2018.

My Personal View:
Low's of 7k
High's of

Let me know what your thoughts are below.

ノート

Expect price to find minor 1hr support at $10,900
If you look left we also have the previous 1hr HL on the 27.01.2018 at 11am

ノート

Textbook retest of 4hr ascending trendline support.
Price formed deceleration providing a potential reversal opportunity should price provide a candle entry.

ノート

Price forming a double bottom ( 1hr TF ) continuing to respect 4hr ascending trendline.

ノート

I would like to see a strong break and close below $10,838 which for me is the final minor inside shelf support prior to a longer term test of $10,500

ノート

Textbook test of $10,500 as predicted.
Expect a consolidation period over the next coming hours.

ノート

A solid break below ascending trendline previous support.
Be aware the 1hr TF is forming bullish RSI divergence which could now start off the consolidation period.

ノート

Sub 10k here we come, should this break i see no Daily support until 7.5k

ノート

My Daily target is now set.
I will keep updated from a daily perspective also.

ノート

The Daily candle closed below 10k providing additional bearish information.
I suspect a pullback to 10.5k will occur prior to a continued push to the downside.

ノート

Textbook 1hr 38.20% fib rejection as predicted this morning.

ノート

Although the 1hr Tf doesn't always hold much weight in regards to structure i feel a break of the ascending trendline at $9800 would then trigger a strong sell off towards the $9000 level.

ノート

Price now breaking below the ascending trendline support outline above.
This for me now has all the legs to breach the 9k mark.

ノート

Price quickly approaching the 9k mark at which point i expect a consolidation period, all TF's in my opinion are over extended.

ノート

9k has now been achieved, the bears are still in control.
Although price is clearly over extended i see no sign over deceleration or reversal.

ノート

The final key level is now on the horizon of $8,000
Await a reversal and long opportunity.

ノート

$8,000 has been breached, i will now keep my eye very close to the chat looking for longer therm reversals.

ノート

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.

ノート

Hi Traders,

I have received many PM's in regards to trading the Head & Shoulders formation profitably, i attached a comment above ^ on the 29th January in regards to trading the H&S with confluence.

ノート

My next trade opportunity for those trading the higher TF's.
Have a great weekend.