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.
Komen
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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.
Komen
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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.
Komen
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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.
Komen
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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.
Komen
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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.
@thaachanrakaelwethyaaelw, And I like you picture, because you're the picture of a girl with reddd lipstuckk.
Cinok like girl with lots of makeup pretty picture.
Uh uh uh.
Finally, a top author that knows it can go either way and doesnt see patterns and moons, rockets or animals. You didnt have to paste the disclaimer this time Tom. ;)
UnknownUnicorn180388
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@Acel, Couldn't agree more, until particular levels get broken we sit back and relax.
I always like to make it clear just to be on the safe side :-)
yourDaddyROTH
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@tomhall Cant be truer. Btw, Last time you call BTC 1000 freaked me out.
STILL BAG HOLDING FOR THE PAST 3 months.
UnknownUnicorn180388
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@rothcom65, My $1,000 prediction is still live, we will see long term how it plays out.
Acel
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@tomhall, Alright Tom, i think I've got this. I hope you dont might if I take the rebound. ;)
bekacoin
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Hi Tom, Thank you for your charts. Well done! You are NUMBER ONE here ;)