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.
Thanks for all of your wonderful tips...
Do you think that the cause of a Chain split will cause a mass panic?
I'm picking up tips everyday and I can say it's my dream to become as Intellegent as you are when it comes to spotting trading spotting signals.. Finally I've found what I was made to do.
By request would you be able to do an update on XEM I purchased a significant amount when it was around 3500.. 4000 sats.... seems as it's linked to BTC I'm thinking if BTC sticks it's head under water then most alts will Aswell... Where do you see Xem in the next month or so.. My analysis tells me we will hit 10000 sats maybe more end of August.. As I've said before I'm no expert so I could really with your advise..
Thanks any info would be great.. :)
Good luck every1 who's reading and be blessed
adityadoodle9
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@Ckeefe420, ofc people are panic. just look what Ethereum split. but i still optimistic we will never get a bitcoin split, if we do the bitcoin price will very low. and alt coin will be chaos
DLavrov
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@Ckeefe420, thanks for your comment! If you can send me a chart for XEM, I'll be able to give you some ideas. I don't follow this market and I have to look at it firstly. As for possible panic in crypto markets - it does not matter.
seby9279
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I think it is the time for a new fresh buy signal.
kyriediculous
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This guy is retarded lol, hasn't ben correct once. don't listen to this fool.
Thanks for all of your wonderful tips...
Do you think that the cause of a Chain split will cause a mass panic?
I'm picking up tips everyday and I can say it's my dream to become as Intellegent as you are when it comes to spotting trading spotting signals.. Finally I've found what I was made to do.
By request would you be able to do an update on XEM I purchased a significant amount when it was around 3500.. 4000 sats.... seems as it's linked to BTC I'm thinking if BTC sticks it's head under water then most alts will Aswell... Where do you see Xem in the next month or so.. My analysis tells me we will hit 10000 sats maybe more end of August.. As I've said before I'm no expert so I could really with your advise..
Thanks any info would be great.. :)
Good luck every1 who's reading and be blessed