Bitcoin - New Trading Opportunities Are Coming

The price could not reach the previous high at 13880 level. We got the 2nd important swing high lower than the 1st one. It is a new bearish signal telling us about a correction movement or a sideways movement if the price can't break below 10 000 support level.

We have the confirmed bullish trend in the long run, and the correction movement is a good opportunity to buy the coin and join the main trend. For this, we should wait for a downward movement and confirmed reversal signals. I think the support zones formed by Moving Averages with different periods and the round numbers will be able to provide exciting buy opportunities.

You can see 3 support zones on the chart. The price action in these zones will be able to provide clear buy signals.

And what do you think about the further market movements? Do you hold long positions? Which zones are interesting for you for buying?

Share your ideas in the comments below this post. Let's discuss!

Comment:

The 1st support zone was reached. Watch for the price action in this zone. A reversal signal confirmed by additional signals will be good for buying with proper money and risk management.

Comment:

It looks like the market is going to bounce from 10 000 suppport. But will it be a reliable signal?

Let's talk about it in the comments and during the stream.