the5erstrading

BTCUSD BULLISH?

Long
BITSTAMP:BTCUSD   Bitcoin
Nice supply and demand set up showing on BTCUSD. While we do have a solid head and shoulders pattern, I do not believe there are enough people selling the asset to push it below $40,000.

Keep an eye on it, we have a prominent bounce in our demand zone which can easily see the price push higher.

Target is at the local supply.

Let me know what your analysis is.

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