Bitcoin (BTC) Price Analysis. Is it the right time to buy? #2
Hi traders,
Below two main indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400.
2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag ) is welcomed, otherwise not so good.
** Moving Averages won't work at this current stage.
#Part 1
Best of luck,
Abdulla
Below two main indicators that will help you identify a trend change.
1. Higher highs, Higher lowers - Current resistance ( supply zone ) is at $9400.
2. If Bitcoin reaches the supply zone, a small correction (such as a bullish flag ) is welcomed, otherwise not so good.
** Moving Averages won't work at this current stage.
#Part 1
Best of luck,
Abdulla
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Daily chart
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