Bitcoin Possible Buying Pressure

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good day guys! You know I love finding value and I try to give you all at least one to two really good trades a week based on my analysis. When I saw this massive wick to the downside, I knew the trap was in. I was able to mark the fibs on the chart to see a possible reversal to the market. Now that I see that price action is failing to come back to this level, it leaves me with more confidence of a bullish signal. Notice how there is bullish divergence with the RSI and price action. This could be another money maker for us. I will continue to monitor this trade for all of us. Be sure to like, follow and leave a comment below on your thoughts in regards, to where you see the price of Bitcoin going. We do appreciate you for checking out our post and remember, we will see you on the other side.

Rodrick (CEO)
Third Eye Traders


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