Long

Is the bottom in for BTCUSD? Nice wick forming on daily chart.

Updated

Beside that RSI is on historical lows and chart patterns drawn seem to support it.

Not buying, just keeping an eye on it.

Note

Seems like falling wedge support couldn't hold the price so we fell bellow.

For now we stopped at next support predicted by VPVR indicator (volume peak at this price).

Note

Support around $4,3k broken...seems like we are going for 3k.

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Seems like we have some support around $3,8k.

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3k was also a resistance and support in summer of 2017...I think it will act as support again, at least short term...

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Bounce on $3,2k, resistance at $4,2k

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Previous support around 4,2-4.3k hit. BTC still showing some strength.

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Bounce exactly at resistance. Let's see how much strength BTC has...

Note

Daily candle closed green just under resistance...BTC staying strong for now.

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BTC failed to break price area with a lot of volume in the past so it started bouncing back down.

Stopping above 3k-ish would be a positive sign for BTC price.

Note

Tadej

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BTC getting ready to make a move

by Tadej

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