Potential Buy Alert BTCUSD

BTCUSD – Bitcoin

BTCUSD had a strong washout of the support zone from the previous alert to clean out a lot of buyers and put them back on the sidelines. The number of ‘short sellers’ on the futures contract has increased so there is the potential for a short squeeze and rally back up to $15000. We are now watching for a washout of $11000 and then a higher low to hold to drag in buyers for the squeeze.

 

Crypto – BTCUSD – Bitcoin

Current Price : $11543

Status : On watch for washout of support

 

 

Previous Alert 16/1/18

BTCUSD – Bitcoin

BTCUSD played out nicely from the previous alert but now looks to be under some pressure from the sellers. We now see major support around 12500 to 13000 coming under fire and some buyers squeezed out of the market. From there we are looking for a washout of 12500/13000 and then a higher low for a move up so watching how this plays out.

 

Crypto – BTCUSD – Bitcoin

Current Price : $14862

Status : On watch for washout of support

 

 

Previous Alert 4/1/18

BTCUSD – Bitcoin

BTCUSD has seen the bears selling the crypto lower but we are seeing the bulls fight back. Price has found support around 12500 and is showing signs of pushing up for a new leg higher. We have seen a lot of late buyers flushed out of the market and are now watching for a higher low to build for the run higher.

 

Crypto – BTCUSD – Bitcoin

Current Price : $14862

Status : On watch for move higher