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UnknownUnicorn180388

Bitcoin - Beware Bear Trap - Breakout Opportunity

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Bitcoin (COINBASE:BTCUSD)  
UnknownUnicorn180388 Uppdaterad   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators hallandcotrading tomhall tomhallforex Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD bitcoinusd bitcoinprice bitcoindollar
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trendanalysis chartpattern indicator hallandcotrading tomhall tomhallforex bitcoin bitcoinforecast btcusd bitcoinusd bitcoinprice bitcoindollar
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.
Kommentera:
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.
Kommentera:
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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