BTCUSD
Have not posted a chart in a good long while but I am back here to just show how much price action can really tell us.
This will be the only chart I post for a bit but soon this account will be back up and running on a daily basis.
What more can we say about bitcoin when it comes to adhering to the power that is T.A We see it did not get enough buying pressure to confirm the breakout and its been slowing selling off since then until yesterday we we saw a massive sell off and the most volume traded in a long while. Its moves exactly like this that we have been waiting for.
We see that if it can settle somewhere in between 24K and 25K it could potentially provide a great buying opportunity. However this has only been support one other time in history so its not the most proven support but is one none the less. Hope you are all ready for the hot price action to begin cause this is exactly the big moves get started.
Good Luck to all and Happy Trading.