Hey traders and happy Sunday!
In this post we are going over Bitcoins bearish movement using multiple timeframe analysis (MTFA)
On the left you see the 5min chart of BTCUSD, where we have formed a double top + a lower high following the doutble top, in the PrimedTraders community & courses this is a must know pattern as it has yielded us many profitable pips. For now we believe that we are making a push towards the daily VWAP once we come to it we will determine if its time to get out of the shorts taken @ 19599.50 or build on them further.
We are taking day trades while we run our position trades on bitcoin (see related post)
In this post we are going over Bitcoins bearish movement using multiple timeframe analysis (MTFA)
On the left you see the 5min chart of BTCUSD, where we have formed a double top + a lower high following the doutble top, in the PrimedTraders community & courses this is a must know pattern as it has yielded us many profitable pips. For now we believe that we are making a push towards the daily VWAP once we come to it we will determine if its time to get out of the shorts taken @ 19599.50 or build on them further.
We are taking day trades while we run our position trades on bitcoin (see related post)
