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Cryptocurrencies: BTCUSD price formation for “buy”.

BTCUSD

Time frame: H4

Technical analysis: the price has forms trend continuing formation  “wedge” over 50% zone of the correction from the down trend from 05.03.2018г.

Indicators: price is above 50-EMA ,100-EMA and 200-EMA, which supports buyers

Dem(14): on Н4 Dem(14) didn`t shows us any  “buy” signals, but if we fall on Н1 there is some idea for confirming bullish scenario

Entrance: from price levels 9266-9200

SL: 8916

Alternative scenario: If the price fall below 8900 the price formation will be violated and we will be witnesses of deeper correction from the uptrend formed from 06.04.2018

 


 Trader Velizar Mitov


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