Hello, this is my analysis for bitcoin I believer we're going to test resistance at 8.9k I've also marked a buy zone good luck trading
Target : 8900 Buy zone : 8350
This is just an idea, no financial advice :D
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Our buy zone has been reached =D
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RSI Bounce
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55EMA Says, Hold your f*king horses. we're going up RSI Says, yaaay I wanna go up I say, fasten your seatbelts, because wave 3 is gonna be one hell of a ride. Happy trading!! :)
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Hold up guys, there is a war going on but from what I'm seeing it leaning slightly in our favour :) We broke RSI resistance on 5min
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Volume looking pretty good. I think we can say that we're on our way to our target.
Why would u place your buy zone under the 50 day moving average , and an average that it hasn't had success in breaking? Shouldn't u place it right above it ? Doesn't sound like a good strategy
wickassassin
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@Fida4u, My buy zone is above the 55 EMA, look at 3 and 5min chart and see how my buy zone perfectly confluences with the 55EMA, .8830fib level and my Elliot wave count. I'm still a rookie tho, so maybe I didn't understand your question entirely, please let me know what you think and I thank you for your feedback.