Bitcoin: How to Buy in Strong Bullish Market
The price broke the local high of the previous 2 days and it gave us a solid bullish signal. Those, who opened long positions using trading signals from the hourly charts, now are in profit. Well done!
It looks like 12 000$ as the 1st target will be reached. MACD and RSI are bullish and support the further upward movement.
If you missed good entry points, you shouldn't chase the price by opening long positions without any logic. You can try to use minutes and hourly charts and search for buying opportunities in the direction of the main uptrend after local pullbacks. Wait when the price reaches the local support zones and provides you the exact bullish signal. Use stop orders below the support and the local swing lows. Don't forget about proper money management as well.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
It looks like 12 000$ as the 1st target will be reached. MACD and RSI are bullish and support the further upward movement.
If you missed good entry points, you shouldn't chase the price by opening long positions without any logic. You can try to use minutes and hourly charts and search for buying opportunities in the direction of the main uptrend after local pullbacks. Wait when the price reaches the local support zones and provides you the exact bullish signal. Use stop orders below the support and the local swing lows. Don't forget about proper money management as well.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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