BTC is waiting for someone to pump or dump. It looks to me that there's more buying than selling in this zone. If it gets out from the current area, we're looking to go up to the blue dotted trendline.
Still, it's not a good indicator if we stay too long in one area. If it moves down, then see the chart for the targets.
Still, it's not a good indicator if we stay too long in one area. If it moves down, then see the chart for the targets.
Note
In 15 min TF, BTC needs to stay away from the red horizontal line at 2,520 to keep hitting the resistance and eventually breach it.But if it goes below 2,520, the next target is from 2440 to 2470. This zone is a good demand zone and a potential good reversal zone too (in the 15min TF).
Note
let's wait for a clearer breakout from the downtrend lineNote
The red horizontal line has been crossed 3 times. This is bad.MACD and LSMA points down.
Note
Blue lines 2500 and 2510 are potential areas for pullback. 2440 - 2470 is a major demand zone. You can restock your position in that area.
Note
this is goodNote
someone pumped big timeNote
price movement looks good. beware of selling pressure around 2580 areaNote
on second look, BTC looks like a double bottom setup to meNote
push some moreNote
stay above that red line
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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.