Bitcoin - $10,000 - $6,690 Key Levels

Trade Pair: BTC.USD
Time Frame: Weekly, Daily, 4hr & 1hr
Predicted Direction: N/A
Actionable Trade: No ( Additional Confirmation 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.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

تعليق:

Keep an eye on the Daily ascending trendline support, this level is being tested for the 6th time and could give us an early indication of the longer term $6,690 breakout.

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Price closing above the ascending trendline support ( Daily TF ) once again showing the significance of this level.
Keep an eye on a 4hr consolidation period prior to the next bearish impulse.

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Price has now broke and closed below the daily ascending trendline ( previous support ).
Although i will keep everyone updated on the intraday TF's, i'm watching the Weekly TF given that for me it's the last strong support prior to a considerable drop.

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Keep an eye on the Weekly TF ( Top Right ) as we approach a close below the Weekly 50EMA which in my opinion will cause a waterfall effect.

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Price is now sitting just above the key $6,690 level, all systems ready to go.
No trade as yet but it something on my daily radar.

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