symmetryfx
Long

Bullish BTC Price Action

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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- 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
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Price may be consolidating with today's candlestick before continuing higher. Price could even retest the H4 Supply (now DEMAND) zone before heading higher.

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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
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