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TopTradingSignals
Nov 21, 2022 8:41 PM

BITCOIN Very Risky Long! Buy! Long

Bitcoin / U.S. dollarBitstamp

Description


Hello,Traders!
BITCOIN
fell sharply today
And the price hit the horizontal support level
From where we are already seeing
A local bullish reaction
So I think a rebound to the upside
Might continue and the price
Might retest the target above
Buy!
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Comments
TopTradingSignals
What do you think?
eyesape
@TopTradingSignals, this is probably totally bonkers... but I think dxy has topped... even if it will pump here to 109, the traders on dxy are savvy, have read thru the lines and are pricing in reduction in rate increase for december to 50%..

current dip on dxy looks like descending scallop.. maybe\probably it bounces on the neckline back up to 109, but again, that move from 106 to 108 barely moved the price... that juice has been squeezed, time to give risk a play
eyesape
@TopTradingSignals, also, IMO bitcoin just presented a lower low double bottom with the second planting slightly below the first... which I would accept as the spring
SignalProvider
Definitely long!
Serana2324
Thanks for sharing
HAMED_AZ
Perfect
SwallowPremium
Looks good!)
AnabelSignals
I think so too!
KlejdiCuni
It looks very good. Thanks for sharing your analysis with us.
EliteTradingSignals
Move up ahead!
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