FUNTRADER-Vera

BTCUSD: a support zone is waiting for confirmation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Traders,

On weekly chart, we can not say a support zone is coming yet. But on daily chart , we are now waiting for a engulfing pattern to tell us if this orange zone is a support zone now.
The RED wave is what we expect after the support zone is confirmed, and a retest of 11500 after that.
This is a long-term sideways movement that trading strategy is easy to find out. Buy low, sell high.

Less is more!
May 30
Comment:
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Comments

is this not a fake squeeze?
+3 Reply
Yookii ehsan.mohamadzade
Reply
FUNTRADER-Vera ehsan.mohamadzade
@ehsan.mohamadzade, how could you know that is a fake before it finish?
+2 Reply
Amjadsid FUNTRADER-Vera
@FUNTRADER-Vera, price will remain up : bullish over vertical bar in daily
Reply
@Amjadsid, yes
Reply
Looks for similarities in this chart. Bullish divergence might take BTC in June to 8.6k.
Just wait for more confirmation.
Reply
Thanks Vera
Reply
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