Get started
stikytrading

BTC looks like it will break out of the 30 minute seller level

Long
Bitcoin (BITSTAMP:BTCUSD)  
stikytrading  
BITSTAMP:BTCUSD   Bitcoin
Supply and Demand Pivot Points Fibonacci Bitcoin (Cryptocurrency) BTCUSD BTC
8
3
supplyanddemand pivotpoints fibonacci bitcoin btcusd btc
Based on the last 20 hours of BTC price action, it appears that BTC is close to exhausting the sellers located in the red box which is a 50%-61.8% retracement zone. Price has spent more time in that zone than it has in the blue 50-61.8% zone of buyers. The 200 EMA is trending up and momentum (50 EMA) has been relatively neutral.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.