BTCUSDT short using proprietary multi-timeframe trend detection
2024-10-22

BTC has rejected the short term trend (13D EMA) yesterday and again today on the H1 time frame. For the coming hours it will be quite interesting to gauge wether we see a reclaim of the H1 200D EMA or not. 

We've had a candle close below it and look to be targeting  65.5k - 64.7k in the short term. Would be a great zone to look for swing longs into new highs in my opinion.


Entry: 66874
SL: 68007
TP: 64736

Short term I'd like to see the H4 close back below 66k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.

 