JZeus10

BTCUSD Cryptos Bullish or Bearish ? See what I think

Long
BITFINEX:BTCUSD   Bitcoin
· M ·
Created a HL position with a thick previous bearish candle. Target to area is retest 50% of bearish wick.

· W ·
Last week ended with a bearish candle for a higher right leg double bottom. can be seen as inverted h/s if you include the liquidity wick.

· 4h ·
4 rejections of strong demand zone.
1. Bullish Engulf
2. Pin bar wick to the bottom
3. Bullish Engulf
4. Morning Star

· 1h ·
Crossed over SMAs with the 8 ma begging to cross over the 50ma. Currently at retest.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.