motheomabudusha

BITCOIN ANALYSIS

Short
motheomabudusha Updated   
BITSTAMP:BTCUSD   Bitcoin
QUICK SKETCH based on:

trend analysis , chart patterns, and tech indicators

drop a comment if i should drop some more details :)
Trade active:
not convinced of a strong support at the level of 50308.

i expect price to push a bit higher to form a triple top (resistance) and come down to 39427.

let's see...
Trade active:
Target is about to be reached. Let's remain patient.

Weekly demand zone can be seen between $39427 and $29324.

Once price reaches the demand zone expect a number of weeks of consolidation for a solid support before a continued upside

Let's wait and see...
Trade closed: target reached:
$39427 tp has been hit.

let us now wait for bullish engulfing or a bullish variation to appear at the weekly demand zone.

expect a number of days (possibly weeks) of consolidation at this area.

let's be patient and see...

will update of entry areas for longs (buys)
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