BITCOIN ANALYSIS

Daily timeframe analysis

Today's bar will be closed for purchases, and then we expect movement alongthe diagram indicated by the arrows: the demolition of the stops of bulls from the level of $ 11 126 and after a wave of purchases with the renewal of local highs at $ 12 468.

Bitcoin on the daily chart is giving strong signals in favor of buyers. This conclusion follows from the ratio of the angle of attack of the waves AB-A1B1-A2B2.

Analysis of the hourly timeframe

The price gave a reaction from the trend line,built by the Sperandeo method yesterday. This will provide an opportunity to see the dynamics of the seller from her today. Yesterday's takeaway is a manipulation, since UT and the fourth point are trending.

Waiting - work from Creek to Ice with long positions taking out stops, but no strong selling.

Analysis of horizontal volumes

Bitcoin has shown a downward movement this week. We have not yet reached the goal of $ 11,000, but the situation has changed.

During yesterday's manipulation, a lot of volumes jumped out both on the tops and bottoms, which confirmed the boundaries of the balance in which we are now.

The highest priority scenario would be a lift tothe $ 11,510- $ 11,550 zone, where the last sales volumes were concentrated and where the classic level retention pattern could be traced through the delta. According to the laws of balance, the sideways expansion downwards before the true exit suggests itself.

Delta Analysis

At the moment we have control over buyers, which tells us that this movement is not fake and that we will reach the target zone.

On the other hand, this control is very weak. The current buying forces are clearly not enough to break the level, especially with such a strong hold.

 

Write in the comments what you think about this? What are your thoughts, people?
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