Bitcoin Trend Directions - Aug. 25th, 2021

Bitcoin neared the highs of my previous zoning so I decided to take another look at possible entries for both longs and shorts. The picture should be fairly self-explanatory; the white zone is where we currently rest and we wouldn't enter here because we want to try to catch momentum, the red zone is where we can start to place sell orders, and the green zone is where we can look for placing buy orders. The blue zone is something new I added, because I'm personally looking for longs on bitcoin at the moment, I wanted to extend the zoning into other potential target areas to add to profits. I use multi-timeframe analysis so my high timeframe bullish support price is actually as low as $42,300. If a trader chooses to trade on a lower timeframe then I would personally look to only follow the direction of the current zone that price rests in, this will help attempt to keep the trend on your side and can better assist with catching momentum. Analysis referenced the daily and 4h timeframes. Keep in mind that none of this is financial advice, I do not claim to be any sort of financial/trading advisor, expert, mentor, etc. I only post my personal analysis for entertainment purposes.

My previous bitcoin zoning can be seen here: and the results can be seen here (with slight adjustments to the zones for better entries on potential retests):