Aitvaras007

BTCUSD IN THE RANGE

Long
BITSTAMP:BTCUSD   Bitcoin
Apparently the resistance area at 4500 is still strong enough. On the other hand, order books at the exchanges show the growth of the buyers money and the limited Bitcoin supply. It might happen that the price will go up through 4500 area without prior dip to minor / major support (blue and and green lines on the chart). However, I am waiting for it to go down at least to the 3675 area before establishing some long positions. It would be perfect if some kind of a panic selling would bring it to the 3000 strong support area from where I would expect a rapid rise back to 4500 and potentially beyond.
Safe sailing.

https://www.tradingview.com/chart/rWBYXwxD/
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