MarxBabu

BITCOIN to Reach 5400 in 2days time -LBLS analysis

Long
MarxBabu Updated   
BITFINEX:BTCUSD   Bitcoin
In the chart the last candle is a fake short candle due to the reason is that volume of previous three bars are higher high and this candle volument has no strength.

2. The price fall not more than average of last 5 candles.

3. price not close lesser than last 5 candle.

4 . Mainly as per the LBLS indicator shown in the chart , the strength is green ,bull is in uptrend .

5. No strengthmeter in the current bar shows weakness to short it .

All this points making conviction that price will be going up and it will touch 5400 in the next two days.
Comment:
price reached 5340 ( 60 points missed to 5400) lets hope it to happen .
Here is the screenshot

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