Hello fellow traders and investors, here's another trade idea.
BITCOIN has reached a key level that acts as a resistance. BITCOIN could potentially pull back to the trendline or break through the resistance area .
Technicals:
The Macd indicates that BITCOIN is reversing
The Ema's indicate that BITCOIN is in an uptrend
When To Buy:
When price completely breaks through the resistance area.
When To Sell:
I would personally hold for the longer term however if you're looking for a quick trade then I would hold till EMA's crossover to the downside then you should sell.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
BITCOIN has reached a key level that acts as a resistance. BITCOIN could potentially pull back to the trendline or break through the resistance area .
Technicals:
The Macd indicates that BITCOIN is reversing
The Ema's indicate that BITCOIN is in an uptrend
When To Buy:
When price completely breaks through the resistance area.
When To Sell:
I would personally hold for the longer term however if you're looking for a quick trade then I would hold till EMA's crossover to the downside then you should sell.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.