Bitcoin - Reversal 3, 2, 1

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Currency Pair: BTC.USD
Time Frame: Daily
Predicted Direction: Long

Live BTC.USD updates will be available in the comments section below.

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ملاحظة

Price is now at historical 4hr chart support, should this be broken all eyes would be on the Daily TF.

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1hr RSI providing significant bullish divergence.

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Price pulled back to 1hr 50EMA & 38.20%
We will see if price can break above the first minor 1hr resistance just above $7,200

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Nice clean break above the 1hr 50EMA the 4hr sits at $8686 which would be the next target.

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1hr 50EMA & 38.20% B&R, more upside is expected to retest the 4hr 50EMA

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4hr TF.
Within the coming hours i believe we will know more about the longer term outlook for bitcoin depending on the EMA rejection or breakout.

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4hr price is looking to form a high test candle aswell as the 1hr TF.
We also have bearish 1hr RSI divergence forming running into 4hr resistance.

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Bitcoin Reversal ( Bull Market )

Price needs to break through 5 structure resistance levels.

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ملاحظة

Perfect 1st rejection, i have now published below my next trading opportunities.