Get started
the5erstrading

BTC/USD – Significant Rally Creates Fresh Demand

Long
Bitcoin (BITSTAMP:BTCUSD)  
the5erstrading  
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Supply and Demand Technical Indicators quasimodo priceaction macddivergence BTCUSD Bitcoin (Cryptocurrency) funded-trader
11
0
supportandresistance supplyanddemand indicator quasimodo priceaction macddivergence btcusd bitcoin funded-trader
As we can see the price creates a fresh demand at the end of the past week.
This demand is also a Quasimodo level.
In addition, we can see the MACD divergence.
That cofluence of MACD divergence and fresh demand (Quasimodo) creates a great setup for buy position.
The entry-level will be the demand below and the target will be the resistance above.
The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
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.