Hi everyone I am VERY new to this so learning from youtube videos and reading as much as possible.
I have some money invested in Bitcoin which I bought in the recent low at $9900 ish, trying to work out at what price to cash out hence this chart. (I don't want to hold for months)
It seems like the moving average is acting as resistance but trading is moving into a channel and I will watch which line is broken first and the trading volume.
As there seems to be a general upward trend I am guessing it will go up in value to the resistance level or the other moving average.
PLEASE let me know your thoughts and feedback. Ive only been learning for about a week so all feedback is good feedback, providing its polite!
Thank you and happy trading!
Dash.
I have some money invested in Bitcoin which I bought in the recent low at $9900 ish, trying to work out at what price to cash out hence this chart. (I don't want to hold for months)
It seems like the moving average is acting as resistance but trading is moving into a channel and I will watch which line is broken first and the trading volume.
As there seems to be a general upward trend I am guessing it will go up in value to the resistance level or the other moving average.
PLEASE let me know your thoughts and feedback. Ive only been learning for about a week so all feedback is good feedback, providing its polite!
Thank you and happy trading!
Dash.