Bitcoin Analsysi (BTC/USD)

in #trading • 5 years ago

THURSDAY
25-JUL

Price is still consolidating this week and so far rejecting the lows below $10,000.
Both directions seem very possible as there is nearby LQ on both sides.

Price has reacted from the D1 sell zone last week where sellers stepped in and capped price.
LW high is where the upside LQ is resting right now and the most likely target for longs.
The sell LQ is below LW low and seems like a reasonable target for the near future.

On LTF, price has reacted from LW swing low y'day and has been rallying since.
On the futures market there are gaps on both sides and based on the recent price action it seems like the current target is the gap above $11,000.

#crypto #cryptocurrency #bitcoin #btcusd
5 years ago in #trading by
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