BTCUSD Analysis
Looking at price action it seems that the move up was not a change in trend it will still be headed back down into the 2400-2500 area. I'd definitely say buy it then and there because looking at the zone in the past you can see that the price held up meaning there will be a lot of support.
also 78.6 fib line is in that particular area. seeing how price never closed past the 50 fib line or the 50 EMA it shows that the trend has not gotten back into bullish just yet. BUY once BTCUSD hits that buy zone(yellow box)
also 78.6 fib line is in that particular area. seeing how price never closed past the 50 fib line or the 50 EMA it shows that the trend has not gotten back into bullish just yet. BUY once BTCUSD hits that buy zone(yellow box)
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