Bitcoin - Reversal 3, 2, 1

6 Feb 2018

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

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

6 Feb 2018

Nota

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

6 Feb 2018

Nota

1hr RSI providing significant bullish divergence.

6 Feb 2018

Nota

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

6 Feb 2018

Nota

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

7 Feb 2018

Nota

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

7 Feb 2018

Nota

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.

7 Feb 2018

Nota

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.

7 Feb 2018

Nota

Bitcoin Reversal ( Bull Market )

Price needs to break through 5 structure resistance levels.

16 Feb 2018

Nota

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