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wargolynch
Sep 12, 2019 12:19 PM

BTC/USD - Daily and 12h - Potential bottom Long

(BTCUSD+BTCUSD+BTCUSD)/3Bitstamp

Description

Daily
-Spinning bottom candle (bull)
-RSI broke out resistance trendline, then retested with success

12h
-spinning bottom following by hammer (bull)
-heikin ashi smoothed went green (bull)
-RSI trendline not broken out yet


Resistances to pass :
-10400 (pMonthly pivot)
-10600 (POC)
-11000 (high + """POTENTIAL""" iH&S neckline) (a pattern is not a pattern until it's validated)

Zones to support :
-10100 (local POC + Daily pivot)
-9750 (previous W candle opening)

POC = volumes Point Of Control (where the most volumes were exchanged on horizontal levels, you can see it thanks to the VPVR tool)


Thank you

Comment

Global POC just switched from 10600 to 10100 !!!
10100 support is now more important than 10600 resistance

Comment

Price was rejected after resistance after a short term bounce
This scenario was obviously canceled when price went under 10100 and 9700

Comment

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