Trader_Dale

Bitcoin and strong S/R zone đź’Ş

FX:BTCUSD   Bitcoin
Right now on the Bitcoin is two strong support zone.

Where is lot of contract accumulated...

I thing that buyers from this area will be defend this long position...

and when the price come back to this area, strong buyers will be push up the market again...

First zone is near to price 48500... There is nice to see strong volume area....

Uptrend + S/R zone from the past + Strong volume area is my mainly reason for this long trade....

Second zone is near to price 34500...

Uptrend + Strong buying activity ( Rejection of lower prices) + Strong volume area is my mainly reason for this long trade....


Happy trading

Dale

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