ms007

ms007

BTC is currently in a bull trend. Go long if BTC gives a pullback. Go long at 8450 with a target of 9400. A risk reward ratio of 1:5.

ms007

If BTC crosses 8500 level, the next resistance will be at 9400 which it needs to crosses to reach the 12000 zone as marked in blue areas. the up trend is also confirmed by MACD as it is not showing any divergence.

ms007

The blue area indicates the weekly demand and supply zone whereas the green area indicates the daily demand and supply zone. As we can see the prices went up with less volume but when it came down, the volume increased. So there is a shot bias.