Bitcoin trading levels

2019年9月27日

Here is the levels that are critical to consider when you are to trade BTC . As I expected in my last analysis (check the following link to related ideas), there was a Time Reversal Zone on September 4 and since the date, price touched upper side of pitchfork multiple times. Of course there was not a pitchfork breakout since buyers' power had been declining. Pay attention to the candle on September 22, you see somehow a neutral candle formed and that's because of a tight area between an important line (9888) and an alleged pitchfork . The day after we see a powerful bearish candle breaking down the line followed up -20% in price. For now 7863 is a support horizontal line stopped continuation of downward trend (it may be a redemption for bulls!) , Although I seem to believe 7579 is a stronger support that we might touch next. I suggest to go to lower time frames (4H is great) and wait for a breakout to the downside of 7863 line to open shorts (until the next horizontal line) or a breakout to the upside of 8177 to open longs.