Bitcoin (BTC) Price Analysis. Is it the right time to buy?
Hello traders!
I've been keeping a close eye on Bitcoin for the past few days to see if it was giving any signs for a bullish move. As of now, I don't see any significant signs, but the volume and weekly candle looks good as a starting point.
Below is a list of indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance (supply zone) is at $9500.
2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag) is welcomed; otherwise, things could get messier.
3. Moving average 50 and 200 should cross on a 1 hr chart while Bitcoin is trading above it.
Please share your thoughts on Bitcoin :)!
Have a great day, Abdulla
I've been keeping a close eye on Bitcoin for the past few days to see if it was giving any signs for a bullish move. As of now, I don't see any significant signs, but the volume and weekly candle looks good as a starting point.
Below is a list of indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance (supply zone) is at $9500.
2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag) is welcomed; otherwise, things could get messier.
3. Moving average 50 and 200 should cross on a 1 hr chart while Bitcoin is trading above it.
Please share your thoughts on Bitcoin :)!
Have a great day, Abdulla
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Weekly Candle.
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Moving averages: 200 & 50 on 1hr chart.
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An educational post I have shared a few months back on trend change.
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Bitcoin is doing great (+10%)!
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Bitcoin is holding $8000 level.
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Bitcoin is heading to $8,700.
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Target 1 reached, now we are heading to $9500
