TradingView
ChartCinema
Jan 25, 2020 8:19 PM

Bitcoin (2020-01-25) Accumulation above 200 DEMA + Parabola Long

Bitcoin / United States DollarCoinbase

Description

  • I would have at least 25-33% of speculative funds in a HODL position in case Bitcoin goes parabolic due to world fears of Coronavirus and upcoming Halvening.

  • Potential parabolic line is being formed.


  • Demand is buying up supply above the 200 Daily Exponential Moving Average and not piercing through it.


  • Bear Volume is decreasing as price is declining = Bullish Divergence... speculators are waiting to buy at lower prices (hence lower trade volume), but institutional investors may be front-running the expected drop by most traders.


  • Break of Parabolic Line and 200 DEMA will invalidate Bullish Analysis!

Trade closed manually

Took profits. CME Gap may need to be filled below at $8,530
More