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CryptoBitcoin (BTC/USD) Breaking The Lows

Bitcoin (BTC/USD) Breaking The Lows


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Hi Traders,

Update on Bitcoin, Price seems to be trying to break the lows. This could be the start of the next leg to the downside, I will be waiting for the current daily candle to close below 18500.00.

If Price does manage to give the break to the downside I will be waiting for some sort of pullback before I look for shorts. The key is for Price to break and close below this level. If it does not close below I will not be entering any positions.

Remain patient for this one.

Renaldo Philander

Prediction Analysis Template

Analysis Overview InformationPrediction Analysis information
On what market is this position based (Forex, Stocks, Crypto, Indices, or Commodities)?Crypto
What is the trading position identifier (Name and/or Symbol)?BTC/USD
Is this a Short or Long Position?Short
Would this be considered a Short Term, Medium Term, or Long Term trade?Long Term
As a Short, Medium, or Long Term trade, which best describes the position (Scalping, Day Trading, Swing Trading, or Position Trading)?Swing Trading
What Time Frame chart is the position based on (1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, Daily, or Weekly chart)?Daily
Depending on the asset, how much do you expect it to move in price or percentage?From Entry to Target –39.61%
What ratio of risk to reward is this trade/position? Choose your appropriate target(s)Approximately 3 to 1 Target 2 N/A Target 3 N/A
What were the technical analysis tools used? Tick the appropriate boxes;Chart PatternsIndicatorsPrice ActionSupport & ResistanceTrendlines
From the technical analysis tools and indicators provided, tick the appropriate boxes for the tools and indicators used to analyze the position;Ascending Triangle, ☐ Bollinger Bands, ☐ Candlesticks, ☐ Channel, ☐ Cup & Handle, ☐ Descending Triangle, ☐ Double Bottom, ☐ Double Top, ☐ EMA, ☐ Fibonacci Retracement, ☐ Flag, ☐ Head & Shoulders, ☐ MA, ☐ MACD, ☐ Order Blocks, ☐ Pennant, ☐ Rounding Top Or Bottom, ☐ RSI, ☐ Symmetrical Triangle, ☒ Volume, ☐ Wedge

Trading Prediction Success Probability Score

FSP ranks the probability of this trade a 5/10

  • Break Below Key level
  • No Breakout No Entry

Disclaimer: The FSP probability score is derived from adding and subtracting the positive and negative aspects of the position and is not a definitive sign of how the trade will play out. FSP is not in any way a financial advisor

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