Krishna_Bhandari

BTC IS RISK ON! 40K STRONG SUPPORT

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
* 40000$ strong support for bitcoin , previous swing low
* 2.618 ABCD pattern
* 1.13 XABCD pattern on 4 hr
* bullish pin bar pattern on daily chart
* closing stoploss below 40800$
* price consolidating on 1hr and forming price action zone for accumulation
* price is above all MA's except for 200 HMA
* double bottom clearly visible on line chart
* bollinger squeezed on 4hr and 1hr
* pin bar bollinger buy signal