MarxBabu

BITCOIN Weekly Monthly Daily Travel Story ✍️

Long
BITSTAMP:BTCUSD   Bitcoin
Based on my Analysis willing to share the BITCOIN path for another two weeks time ;it is just for education purpose only πŸ‘ˆ

πŸ‘ The First Step : Chose Weekly timeframe ,Marked 4 Levels πŸ‘

* Recent High 64895
* Average Trade Zone from High 58815 Optimum Average TopSide
** Low in the recent weeks and Months 48867
**Reversal from Low and Average Trade Price 49114

This clearly shows that price either need to move above 58800 to see new high or price needs to go blow 49114 and then break 48864 to see new lower lows

By loading the same level fit charts in Daily and in 4H ,6H time frame one aspect is very clear that ,price is rather trying to move up than breaking low despite big giant news and manipulations πŸ™

you can visualize the price movement here ,This has more good support at this levels marked as Support

Further differentiating the chart from 2D to Day time frame we could clearly see that Bitcoin literally taking FEB 21 support area this gives confidence that price will once again move up than down
Further Slicing this to 6H and 4H we could even clearly see that price is taking support around 44998 to 488867 and trading above this level average in the last 15 candles (only 4 candles traded below 48867 levels) .This again gives confident for traders that oppurtunity is more for Long than Short.

4H

What do you guys see in your analysis ,share your feedback in comment section .

If you find this useful ,Dont forget to "πŸ‘"








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