The 5%ers' Blog
Long Terms Price Action Analysis For BTC/USD
May 8, 2019 | 8:32 am | The 5%ers' Blog
May 8, 2019 | 8:32 am
The 5%ers' Blog

Wednesday 08/05/2019

The BTCUSD just arrived at a significant supply level that we can see on the 1D chart.

It seems the price maybe already touch this supply but it’s not sure.

For now, there are 2 options to act:

1 – If the price will move up again toward the supply level and touch again the supply above,

it’s a great opportunity to sell high. the demand below on the 1D chart will be the long term target,

2 – If the price will breakout the support below, it indicates that the price probably won’t touch again the supply above and we should look for price action setup to sell BTCUSD.

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