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ActiveCrypto
Jan 17, 2018 4:17 PM

BTCUSD - Price pivoting to go higher. REVERSAL BUY ZONE. Long

Bitcoin / United States DollarCoinbase

Description

BTC is looking at a major support zone formed by confluence. Bitcoin's price has retraced it's last movement upward to the 78.6% zone. Volume is starting to increase. A major trend support is near, and price has structured support around the $10,000. Watch for a bottom pattern such as an inverse head and shoulder, Japanese candlesticks on the 4H and 1D charts, or strong buying volume to confirm the reversal.
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