Trading Analysis

BTC/USD: A Day Trade Sell Opportunity Within Bullish Momentum

August 20, 2019 | 10:16 am | The 5%ers' Blog > Trading Analysis
August 20, 2019 | 10:16 am
The 5%ers' Blog > Trading Analysis
key level btcusd

Key Levels For Day and Swing Trade on BTC/USD

Tuesday 20/08/2019

In the H1 time frame, we can see that BTC/USD is bullish.

Although the price is in bullish momentum, we can see the supply above as a great level for a day trade sell position.

This supply is relevant for the day traders among us.

The target for this sell position will be the demand below.

This demand below seems like a continuation level to buy BTC/USD and join the bullish momentum.

The target for this buy position will be the supply at the top which is 11.200 zones.

This buy position relevant for the swing traders among us.

The supply at the top (11.200 zones) seems like a great supply for sell position.

If the price reaches that supply it will be the first time the price touch this level since last time the price dropped from there.

This sell opportunity at the supply at the top is also relevant for the swing traders.

 

 

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