Bitcoin Key Level

The market falls and it opens for us new trading opportunities. It's great! And we have to spot the possible reversal levels for buying. But before it, let's look at the indicators for getting more information about price action. MACD confirms down movement. ADX line is going to move above 20 and it will be a confirmation of strong down movement. RSI falls to the oversold zone and it shows that the market will be ready for up movement soon. Based on the signals from indicators, we can say that price can reach 2000.00 support level and bounces from it. Also the market will have potential for up movement to 2600.00 level at least. How to trade? If price bounces from 2000.00 support level and RSI with MACD histogram confirm price reversal, we'll be able to open long trades with stop orders below 2000.00 level. Also, you should note that 2000.00 is the key level now. We have to watch for price action near this level. If price breaks the key level, probably we'll see down movement to 1800.00 level. But you should not worry, the market will be still bullish. Your buy trades above 2000.00 level will be able to give you profit in long term.