Hi, guys!
Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* Bitcoin made a sharp move down breaking the psychological threshold of $10,000.
* However, strong support area at $9,400 - 9,600 has immediately drawn the attention of large buyers.
* Very long tail on 1H candle on increased volumes signals that heavy Buying power resides around the Support Area.
Trade Signal
Buy from $9,400 - 9,600
Target: at least $10,400
Stop-loss: $9,200.
Risk/Reward: 4(5):1
GOOD LUCK!
Yours,
Market Wizzard
Disclaimer
The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.
Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* Bitcoin made a sharp move down breaking the psychological threshold of $10,000.
* However, strong support area at $9,400 - 9,600 has immediately drawn the attention of large buyers.
* Very long tail on 1H candle on increased volumes signals that heavy Buying power resides around the Support Area.
Trade Signal
Buy from $9,400 - 9,600
Target: at least $10,400
Stop-loss: $9,200.
Risk/Reward: 4(5):1
GOOD LUCK!
Yours,
Market Wizzard
Disclaimer
The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.