abdullatrader

Bitcoin (BTC) Price Analysis. Is it the right time to buy? #2

BITFINEX:BTCUSD   Bitcoin / Dolar
22841 91 175
Hi traders,

Below two main indicators that will help you identify a trend change.

1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400.
2. If Bitcoin             reaches the supply zone , a small correction (such as a bullish flag ) is welcomed, otherwise not so good.

** Moving Averages won't work at this current stage.


#Part 1


Best of luck,
Abdulla

Komen:
Komen: Daily chart
Komen:
Komen: Update:
Thanks Abduhlla!
Balas
We are about to find out...
Balas
Here is my forecast for the next 8 months... https://www.tradingview.com/chart/dnsc6v6g/
Balas
Why do you say Moving Averages won't work at this current stage? Just want to learn more. Thanks for all your posts!
+1 Balas
@ilfauno, my doubt too :D
Balas
@AAlFadhala I like to see your analisys, but now the region is very indecision. How are your posicionament? I believe in more down, but just the time will show us...Though in this region could turn a bull trend. Tell us more about how you operate in this case and what time frame you follow, to see the update market signs? Thanks
Balas
Be careful making analyses on basis of volume. There is a lot of fake volume and shit like this


Need at least level 2 market profile to detect real demand vs artificial before recommending "this is bottom or support"
https://i.imgur.com/zhJezp2.png

More interesting to see who really is cashing out
Balas
Hi Abduhla! Why not so strog correction? Because of ot much selling pressure/volume? Lower lows very close to each other?

Thank you!
Bruno.
Balas
OK Call there !
Good Bitcoin Trade points for day traders this weekend
Balas
always good analysis, noice
Balas
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