I've got some messages of you the question when should I buy? What's a clear buy signal...
As you can see on my chart, Bitcoin is still in a big downtrend. At the moment a symmatrical triangle in the downtrend. In this downtrend there are also many opportunities to earn money. A nice up as yesterday was one of then. - The chance of breaking out the triangle is 50/50. If we get a break out that will be a good signal. If it happens it will be a chance that BTC will test the higher level of the downtrend.
- If we get a break down from the triangle it will search to a lower support. The green horizontal lines are important support levels.
- If BTC breaks through the high level of the big downtrend, and get into the bull area, new money will into the crypto space... That bull area is a clear buy signal for many traders.
Thanks for reading!
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btc entered the bull area, upwards formation is in the making. Wait until new support levels are tested successfully before buying the bull
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There comes the bull in. Waiting now is on a bounche on a lower support. Wondering which support that is and after that, that support area will be tested.