Long on Bitcoin
I think this is a good chance to go long on Bitcoin. It has found some support around 7250 after dropping below the 7350 support. It has a double support as you can see in the chart, a good stop would be around 7200. If it drops under the 7200 i will turn and go short!
Nota
First target is 7500, but there will be resistance at 7450. If it breaks through this level, there is a big chance it will make another attempt for a new ATHNota
It is still hanging in there. I thought it would have bounced further up the first time, so its less strong than i thought. But the support lines i mentioned are still showing strenght. But when it drops below them, expect an acceleration downNota
I have cut my losses to and got out at 7240, i was ahead 100 points but to my surprise there was to much resistence around 7400. I have turned short now, because its looking to weak. No buying power/or bounce seen, so it will drop even moreNota
I am out at 7100, turned my loss into a win again. This is tricky now, it can drop much much more, but there are other uncertain things going onNota
This is what i mean with a bounce, short term low is probably set now. I am staying flat for now and waiting for new signals
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.