Bitcoin (BTC) Price Analysis. Is it the right time to buy?

Bitcoin (BTC) Price Analysis. Is it the right time to buy?

Bitcoin / Dollar
BITSTAMP:BTCUSD

AAlFadhala

Hello traders!
I’ve been keeping a close eye on Bitcoin             for the past few days to see if it was giving any signs for a bullish move. As of now, I don’t see any significant signs, but the volume and weekly candle looks good as a starting point.
Below is a list of indicators that will help you identify a trend change.

1. Higher highs, Higher lowers – Current resistance ( supply zone ) is at $9500.
2. If Bitcoin             reaches the supply zone , a small correction (such as a bullish flag ) is welcomed; otherwise, things could get messier.
3. Moving average 50 and 200 should cross on a 1 hr             chart while Bitcoin             is trading above it.

Please share your thoughts on Bitcoin             :)!


Have a great day, Abdulla
Source: TV AAlFadhala

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