BITCOIN - PLACE YOUR BUY ORDERS AT 7K!!!
- 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
Trade active:
The pump is here.600 points up and going
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.
Levels above 8750 on the 4hr Closing basis should see us propel the price to 9200 for starters.
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.
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.
Trade gets active at 7100.