TradingBrokersView

BTCUSD This Buy Signal never failed in the past 7 months

Long
BINANCE:BTCUSD   Bitcoin
Bitcoin hit the MA100 (1d) today with the MA200 (1d) only a short distance below.
The rejection on Resistance (1) earlier in February emerges comparisons with the August 15th rejection that dropped -26.50% before recovering.
Similarly the November selling declined -27%.
This time however the RSI (1d) turned oversold before a -26.50% price drop.
Use therefore a double entry strategy.

Trading Plan:
1. Buy on the current market price.
2. Buy at the top of the Pivot Zone, after a -26.50% decline.

Targets:
1. & 2. 25250 (Resistance 1).

Tips:
1. Unlike August and November, this time we have a Golden Cross as well as a MA100-200 Bull Cross. This indicates that we are on a Bull Cycle.

Please like, follow and comment!!

Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉

Also doing account management, earn +15% monthly profit!

👉CONTACT: t.me/tradingbrokersview

Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.