ChartCinema

Bitcoin (2020-01-25) Accumulation above 200 DEMA + Parabola

Largo
ChartCinema Actualizado   
COINBASE:BTCUSD   Bitcoin
  • I would have at least 25-33% of speculative funds in a HODL position in case Bitcoin goes parabolic due to world fears of Coronavirus and upcoming Halvening.

  • Potential parabolic line is being formed.


  • Demand is buying up supply above the 200 Daily Exponential Moving Average and not piercing through it.


  • Bear Volume is decreasing as price is declining = Bullish Divergence... speculators are waiting to buy at lower prices (hence lower trade volume), but institutional investors may be front-running the expected drop by most traders.


  • Break of Parabolic Line and 200 DEMA will invalidate Bullish Analysis!
Operación cerrada manualmente:
Took profits. CME Gap may need to be filled below at $8,530

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