Bitcoin Analysis (BTC/USD)

in #trading • 5 years ago

THURSDAY
18-JUL

Price broke LW low and has reacted from the W1 buy zone.
It seems unlikely to seek the upside LQ above LW high as there may be a lot of resistance on the way up.
Additionally, price may push even lower into the buy zone in order to trap more sellers.

Price took out Y high this morning but was unable to continue further.
If buyers start pushing price up, sellers may be waiting around the D1 sell zone just above $10,000.
The D1 sell zone could potentially push price further down towards the weekly low and into the W1 buy zone.

#crypto #cryptocurrency #bitcoin #btcusd
5 years ago in #trading by
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