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wargolynch
Feb 21, 2020 11:42 AM

BTC/USD - Daily - Nice consolidation Long

Bitcoin / TetherUSBinance

Description

Daily :
-Doji close with higher volumes than previous bearish daily session
-Rejection from 9400 support, which is a good VPVR level since early-2018
-MA-EMA 30 still ok
-RSI hidden bull div on the edge of confirmation
-Golden cross MA 50-200 into weekly bull context

4h :
-RSI hidden bull div + bull div to consider
-Two bear trials rejected from S1 weekly support



I'm still long until 13k, which is the yearly R1 pivot.

Comment

By unzooming on the 3D, we can see how 9300 is a strong demand zone on VPVR since end of 2017

Comment

BTFD

Comment

Coroned
Comments
trade-crypto4ever
Your idea is very explicit and I see that you are also long!
transparent-fx
BtcUsd has some interesting price action, this is my view
wargolynch
@transparent-fx
If strong demand zone since end of 2017 at 9300 breaks, yes !
I personally don't project but play with probabilities

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