Crypto Analysis Report 3-18-18 BITCOIN...Great Buy Opportunity At $6000
On 3/15, I made a post titled,
where I discussed price was sitting in daily demand zones, but my preferred buying level was $6000. Since that post we are $1000 lower and $1500 away from the $6000 level.
If last week's price action was any indication, we will get to that level in 5-7 days. Even if we get that low, I'm going to wait for confirmation in the form of trend line break on the daily chart. The pattern that I will look for is the following:
Lets zoom in and detail the pattern. The pattern that I will look for once we break the trend line, on the 4 hr chart, candles making higher lows, and price pulling back where buy orders are sitting. This will be the confirmation to go long.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
