Crypto Analysis Report 4-19-18 Bitcoin Cash Found Buyers At $600...Intro To The Curve

rollandthomas (74)in #bitcoin • 6 years ago (edited)

Bitcoin Cash was bought by buyers when price it the daily demand zone. The $600 level was the lowest risk, highest reward trade set-ups in trading for the following reasons:

Low On The Curve - price was selling at a discount, whole sale price. The Big Boys only buy low and sell high.

NOTE: High on the curve would be $3000 level, retail price.

The Finger - The candle in the beginning of Feb formed a wick (aqua circle) indicating or as I like to say pointing to the buyers below that price.
Level On Level - the $600 level represents daily demand and the $400 level represents the weekly demand. When a level on level forms, it makes it very difficult for price to penetrate.
RSI Break Trend Line - signifies downward momentum has ended and an increase in price is probably.

NOW WHAT???

I anticipate price continuing to move higher. The buyers will battle it out with the sellers at the $1000 and $1300 level. This is the first time I'm mentioning this in any post on Steemit....MIDDLE OF THE CURVE. The $1000 and $1300 level are in the middle of the curve, so if the trend is up, these levels will be breached. The Big Boys like to buy low and sell high. Selling (in this case) in the in the middle of the curve isn't worth it to the Big Boys.

If you look at any chart you will see it, price usually moves from one extreme to the next extreme. This is how the Big Boys are making their money. They tend to have a longer term perspective and let their winners run, which means letting price go from one extreme to the next extreme...and this is what low and high on the curve means when I talk about it in future post.

Target 1 is $1650.