Akshath1994
Long

BITCOIN - PLACE YOUR BUY ORDERS AT 7K!!!

POLONIEX:BTCUSDT   Bitcoin / Tether USD
  • Bitcoin is coming closer and closer to its support region at 7k.An extremely important moving average coupled with previous swing support zones will act as a major area of price holding up.

    A very good indication to this pump up at 7-7.2k comes in as we can clearly see fall in selling volumes.A price pump with major volumes is gonna be expected.

    A fall in Average Selling Volumes is a clear Indication of the Selling halting.

    Stay connected with me on my channel and then you can get regular updates!!

STAY STRONG
Mar 18
Comment: Now entered the support zone and look like we could see a pump really soon after hitting the MA.
Trade gets active at 7100.
Mar 18
Trade active: The pump is here.600 points up and going
Mar 20
Comment: Prices have formed a range bound band within which we are finding it a bit difficult to break out or breakdown.
Levels above 8750 on the 4hr Closing basis should see us propel the price to 9200 for starters.
Mar 21
Comment: Book 50% of your profits from this trade.
Adjust Stop Loss to entry price + 100 points.

The confluence of the Moving Averages right at the current market price is a sign of concern and we must step back and wait to see what the price does next.

A close on the 4hr above the MA's will signify our second target of 9985 being activated.

Trade with Caution.
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