Bullish BTC Price Action

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
72 0
- Price has broken through 4 hour (H4) Supply
- Moving Averages have crossed over bullish
- 200 EMA within the Daily Supply Zone
- Strong Support respected, see price action

Price may be consolidating with today's candlestick before continuing higher. Price could even retest the H4 Supply (now DEMAND) zone before heading higher.


Weekly timeframe:
- Moving Averages are getting squeezed together, Bullish MA cross would be significant
- Structure is bullish
Sep 22
Comment: Strong Demand in 4 hour (H4) Zone. Huge volume of sell orders pushed price down over $200 in a minute and was met by large buy orders in the H4 zone
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out