DLavrov
Panjang

Bitcoin New Entry Level

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The daily chart of Bitcoin             gives a signal that probably the market is going to reverse and start upward movement. A bullish candle shows that the market bounces from 2200.00 support level . RSI confirms price reversal but MACD and DMI still show downward movement. We have a price reversal signal and it's possible to think about opening long trades based on lower time frames. But still we don't have a solid confirming that the market starts upward movement. That's why we must be careful with our long trades and don't use big volume for buying. We have to find possible entry levels and for this we can use the 4H chart. Based on this chart we can see that price moved upward after bouncing from 2200.00 support level . The market was stopped and reversed by MA20 and we got a local swing high. Now we have the possible entry level based on this high and if price breaks it, we'll have a confirmation for possible upward movement. So we can place buy-stop pending orders at 2405.00 level with stop below 2170.00 level. Profit target should be at 2600.00 resistance level and a part of trading volume can be used for long term trading. Don't forget that MACD histogram and DMI also will have to confirm the breakout and upward movement.
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Has BTC bottomed yet?
Balas
Enhancement321 kevindixon
@kevindixon,http://i.imgur.com/osEroUI.gif
Balas
It's going down 2200 now let's see if it bounces or we go under 2k...
Balas
Hands down, it takes integrity to keep this post undeleted!
Balas
@Deneb1, come on )
Balas
I think it is the time for a new fresh buy signal.
+2 Balas
This guy is retarded lol, hasn't ben correct once. don't listen to this fool.
+2 Balas
DLavrov kyriediculous
@kyriediculous, you are funny )))
+2 Balas
rf2020 DLavrov
@DLavrov, you are going to find a lot of funny people in crypto. :)
+2 Balas
@rf2020, yes, I think so )
+2 Balas
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