Unity-Trading-Group

Do something ... !!! BTCUSD - An Update

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good morning @everyone

Good we're all doing well. As BTC is in a bit of a low volume period the dominance is falling, which is allowing the alts to have a a bit of a run, hope everyone has been playing attention to some of @Tex charts lately, been doing very well.

As for BTC , I'm currently paying close attention to what this Demand Zone is doing, we entered the Zone yet again overnight but the reaction wasn't as significant as the last times we have come close or entered it. This is evidence of the Zone being cleared away and the buys at this level slowly diminishing. So I'm seeing two outcomes currently,the first, is we finally push through this and start our descent to the next Zone (The daily time frame supports this overall move) or, we get squeezed in between this downtrend line and Demand and have a breakout, which would satisfy some of these indicators on the 4h.

I'm honestly leaning more toward the Daily play which is visiting the next available Zine, which like we discussed last night in our live is around that 7800 level.

However, this might take some time to play out as I don't think this alt flurry is over, so we might flop around and linger some more. Late last night it did look like we we're going to push down, but we didn't get the volume to do so.

The waiting game continues

Comments

Everybody worries about Bitcoin. What you need to worry about is stock market
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out