Sawcruhteez

BTC:USD 1 hour chart DAILY UPDATE (day 20)

BITSTAMP:BTCUSD   Bitcoin
Yesterday I called for a $8,850 re test and today I am liking the double bottom that formed. Support has moved up nicely and the buy volume continues to look good. Now I am expecting the price to test the 200 day SMA right around $9,750 - where the fight would begin. I am still staying away from entering a long until we break the bear trend.

emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.