Trade_Scholar

Positive Side-ways Weekend

Long
BITSTAMP:BTCUSD   Bitcoin
Weekly Time-frame

We are still inside the cloud and it is still Neutral Strong Support in $37,646. 22 Hours left to print New Candle. If we hold this area and closes with a Green Candle then the next candle will be a bullish one.
Volume Profile Visible Range (VPVR) is currently in the strongest support so we can expect it to hold.


1D Time-frame

We are inside the cloud which is in Neutral position. We can expect a Rejection in $42,561. New Candle will find a support at $37,420 level.
EMA Ribbon is forming a flattening slope which would in turn become easier to break the Rejection area of $40,063.

4H Time-frame

EMA Ribbon is now below the candle and has become its support. Rejection area @ $40,018 it’s exactly at the 200 Moving Average. Relative Strength Volatility Variable Bands (RSVVB) is now in the positive side, and it will start accumulation and pump. Not much volume as it is weekend but we can expect the Altcoins to move to the Upside.

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