**Bitcoin Trading - Upcoming Bitcoin buying zone. High volatility expected!**
This is a 60 min chart of BTC/USD.
The Dark Green lines on the chart are simply showing the trending direction of the price.
The Red Lines show the upcoming buying zones. These Zones were established at points A and B, when price bounced from the 9,000 mark twice.
POINT C shows where price settled temporarily, only before the sell orders ran out and the buy orders caused an upward explosion in price. There will be many long-term buyers sitting at this point. Selling will likely accelerate into this area, as there is not likely to be many buyers scattered randomly above the 9,000 mark...but rather sitting in wait for price to fall to that point.
Look for high volatility at this point and adjust accordingly. There will be many sell limit orders placed directly underneath this 9,000 mark. If triggered, price will spike down, at least temporarily.
Took some time off from trading. Now I'm back with consistent bitcoin updates. Follow along for an experienced, and rather unique insight into Bitcoin trading!