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

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
22842 91
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,

Comment: Daily chart
Comment: Update:
Thanks Abduhlla!
We are about to find out...
Here is my forecast for the next 8 months... https://www.tradingview.com/chart/dnsc6v6g/
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
@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
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"

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

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