abdullatrader

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

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello traders!
I've been keeping a close eye on Bitcoin             for the past few days to see if it was giving any signs for a bullish move. As of now, I don't see any significant signs, but the volume and weekly candle looks good as a starting point.
Below is a list of indicators that will help you identify a trend change.

1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9500.
2. If Bitcoin             reaches the supply zone , a small correction (such as a bullish flag ) is welcomed; otherwise, things could get messier.
3. Moving average 50 and 200 should cross on a 1 hr             chart while Bitcoin             is trading above it.

Please share your thoughts on Bitcoin             :)!


Have a great day, Abdulla
Comment: Weekly Candle.
Comment:
Comment: Moving averages: 200 & 50 on 1hr chart.

Comment: An educational post I have shared a few months back on trend change.
Comment: Bitcoin is doing great (+10%)!
Comment:
Comment:
Comment: Bitcoin is holding $8000 level.
Comment: Bitcoin is heading to $8,700.
Comment: Target 1 reached, now we are heading to $9500
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You are my hero and my grandmaster! Wish I could understand pure graphics without any signals like you do.
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abdullatrader panconpalta
@panconpalta, Thank you :)!
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Just read your telegram post... i said it once and i’ll say it again; you are the man!
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abdullatrader artvandaval
@artvandaval, Thank you :)!
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Thank you for the analysis!
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Great analysis
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Honestly, I am looking at this from a longer perspective and a less chart analysis perspective. I see Monday/Tuesday a dip in price because typically have seen such a trend over the last several month's people trade on weekends and sell on Monday. I see the end of the Chinese new year this week 2/16/18 being a big indicator of people purchasing back into the market and a pump associated with it. So yea I see the price of BTC going up how high? Idk neither does anyone else. However, I see it going up so if you wanna hold out to try and get absolute rock bottom sure maybe Monday or Tuesday but you aren't going to see prices this low again once Wednesday, Thursday & Friday hit and the end of the new year happens. (just my opinion WTF do I know lol)
+1 Reply
ABC correction currently ongoing on 5 minutes timeframe
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Is it possible to go down to 6000 one more time?
+1 Reply
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