BTC Long Position - Support/Resistance Levels
It is clear that Bitcoin is experiencing a trend reversal. This was confirmed by the bull break surpassing multiple resistance levels (white lines). MACD Cross, RSI neither oversold / overbought, and volume increasing. Next key level of resistance is $6000 USD/BTC.
These are two potential long positions:
1. Cup & Handle pattern - Get rejected around 6K USD and fall ~ 30% before a bull break past 6K.
1 Bull break on volume which would break 6K then run up to 6.7K before finding 6k as support.
All you need is simple indicators like volume, rsi, macd, and general chart analysis to determine the bullish market we're in. Of course I am a bull during a bull market and bear during a bear market but I anticipate some decent gains to be made next few months.. time will tell.
These are two potential long positions:
1. Cup & Handle pattern - Get rejected around 6K USD and fall ~ 30% before a bull break past 6K.
1 Bull break on volume which would break 6K then run up to 6.7K before finding 6k as support.
All you need is simple indicators like volume, rsi, macd, and general chart analysis to determine the bullish market we're in. Of course I am a bull during a bull market and bear during a bear market but I anticipate some decent gains to be made next few months.. time will tell.
Nota
Nice.
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.