BitcoinUpdated Bitcoin (BTC) Price Analysis. Is it the right time to buy? #2
Hi traders,
Below two main indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400.
2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag ) is welcomed, otherwise not so good.
** Moving Averages won't work at this current stage.
#Part 1
Best of luck,
Abdulla
Below two main indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400.
2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag ) is welcomed, otherwise not so good.
** Moving Averages won't work at this current stage.
#Part 1
Best of luck,
Abdulla
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Daily chart Note
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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.