BitcoinUpdated 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
Note
Weekly Candle.Note
Note
Moving averages: 200 & 50 on 1hr chart. Note
An educational post I have shared a few months back on trend change. 
Note
Bitcoin is doing great (+10%)!Note
Note
Note
Bitcoin is holding $8000 level.Note
Bitcoin is heading to $8,700.Note
Target 1 reached, now we are heading to $9500
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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.