BTCUSD primed for a move higher, wait to go long at good demand.

Bitcoin / DollarBitfinex

Description

⋅ Aug 18, 2018 5:24 PM

Price Altitude: Middle
Daily Trend: Down/Range
4H Trend: Up

Analysis: daily demand is in control with the current downtrend turning into a range on the daily.

Prediction: continue to retrace into 4H demand inside daily.

Price Points of Interest:
4H demand inside daily @ 6086.2
4H supply inside daily @ 7001.0

This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.