Bitcoin Trading Opportunity

The price bounced from the kumo and RSI confirmed price reversal. We have a new swing low which can be used for drawing a new uptrend line. This line will be an additional support line for possible upward movement. Also this line will be able to give a signal for downward movement, if the price drops below it. If we look at ADX line of DMI indicator, we can see that it rises and confirms the beginning of possible upward movement. But volume is rather low and we should not expect for strong price movements. In spite of buy opportunity, opening long trades in such market conditions is not the best idea. The resistance zone formed by 2900.00 and 3000.00 levels is not too far from the possible entry level at 2810.00. That's why it will be possible to skip this trade and wait for better trading signals. But if you decide to catch this possible upward movement, good luck! You must be very careful with long trades and use stop orders below 2650.00 for exit if the market starts falling. Profit targets should be at 2900.00 level.