Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* Bitcoin made a sharp move down breaking the psychological threshold of $10,000. * However, strong support area at $9,400 - 9,600 has immediately drawn the attention of large buyers. * Very long tail on 1H candle on increased volumes signals that heavy Buying power resides around the Support Area.
Trade Signal
Buy from $9,400 - 9,600 Target: at least $10,400 Stop-loss: $9,200.
Risk/Reward: 4(5):1
GOOD LUCK!
Yours, Market Wizzard
Disclaimer The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.