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BitCoin entered Long - This is why!!!

This was basic volume and price bar reading:

  1. That High SI 3.1 change in behavior was profit taking since we have hit a Major Support

  2. High Volume Bar at bottom of the range with upward reaction = Buyers

  3. High Volume Bars at bottom of the range with upward reaction= Buyers

  4. Low volume Bars at the top of the range = No Sellers

  5. Nice real Break for the following reasons:

    1. Up bar with volume and no pin

    2. Next 3 bars with volume but never closed below the break bar = that's hard time to move down and another up move was eminent.

Now we are approacing the top of that Major Resistance back from the 26/6/2019, time to close 1st order.



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