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DK_Investment
Oct 26, 2020 10:23 AM

Bitcoin 12H - short term correction - where to buy Long

Bitcoin / DollarBitfinex

Description

Dear traders and followers,

welcome to our weekly Bitcoin market update !

The Bitcoin price moved strong up wards in the last week and the market seems to make a short term correction at this point because the buy volume decreased daily and 13.000 $ area is a strong resistance. We've realized our profits and wait for another good buy entry as drawn in the chart.

Buy entry between 38.2 Fibonacci retracement and golden ratio (0.5)
The RSI and MACD indicators are described in the chart.

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Comment



Market will first retest 13300 $ area

Order cancelled

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