BTCUSD: a support zone is waiting for confirmation
Traders,
On weekly chart, we can not say a support zone is coming yet. But on daily chart, we are now waiting for a engulfing pattern to tell us if this orange zone is a support zone now.
The RED wave is what we expect after the support zone is confirmed, and a retest of 11500 after that.
This is a long-term sideways movement that trading strategy is easy to find out. Buy low, sell high.
Less is more!
On weekly chart, we can not say a support zone is coming yet. But on daily chart, we are now waiting for a engulfing pattern to tell us if this orange zone is a support zone now.
The RED wave is what we expect after the support zone is confirmed, and a retest of 11500 after that.
This is a long-term sideways movement that trading strategy is easy to find out. Buy low, sell high.
Less is more!
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