abdullatrader

Bitcoin (BTC) Price Analysis. Is it the right time to buy? #2

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
22841 91 175
Hi traders,

Below two main indicators that will help you identify a trend change.

1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400.
2. If Bitcoin             reaches the supply zone , a small correction (such as a bullish flag ) is welcomed, otherwise not so good.

** Moving Averages won't work at this current stage.


#Part 1


Best of luck,
Abdulla

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Comment: Daily chart
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Comment: Update:
Thanks Abduhlla!
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We are about to find out...
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Here is my forecast for the next 8 months... https://www.tradingview.com/chart/dnsc6v6g/
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Why do you say Moving Averages won't work at this current stage? Just want to learn more. Thanks for all your posts!
+1 Reply
@ilfauno, my doubt too :D
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@AAlFadhala I like to see your analisys, but now the region is very indecision. How are your posicionament? I believe in more down, but just the time will show us...Though in this region could turn a bull trend. Tell us more about how you operate in this case and what time frame you follow, to see the update market signs? Thanks
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Be careful making analyses on basis of volume. There is a lot of fake volume and shit like this


Need at least level 2 market profile to detect real demand vs artificial before recommending "this is bottom or support"
https://i.imgur.com/zhJezp2.png

More interesting to see who really is cashing out
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Hi Abduhla! Why not so strog correction? Because of ot much selling pressure/volume? Lower lows very close to each other?

Thank you!
Bruno.
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OK Call there !
Good Bitcoin Trade points for day traders this weekend
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always good analysis, noice
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