MarxBabu

BITCOIN Small Down Move Large BigMove Concept LBLS Analysis

Long
DERIBIT:BTCUSD.P   BTC Perpetual Futures Contract
How are you Guys doing today.
Happy to meet you all with yet another interesting BITCOIN analysis with the LongBuyLongSell Indicator.

On 27th JUNE ,Market Giant BITCOIN touched the key long-term support line , Bounced back immediately .
After a short up move ,price taunting as it could not see any key player to take this price to higher level.

This clearly shows that price must be coming down again to hit the previous level before it takes high.
I am bit convinced that as shown in the Triangle area price will touch the based and then move to towards 9500 area.

There are no evidences of seeing the price fall below 8800 as of now .

Let us wait to see the 9500 soon .

Share your views.

Note : the background chart is based on the LongBuyLongSell Indicator that i use to see the trend and the price points in 4H charts.

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