Bitcoin TA 11/22/2019
After a sharp recent fall, I have finally decided to add to my bag of BTC. See my previous trade ideas on BTC as I was neutral during the sideways action.
I've been stalking BTC for the past week waiting to strike because this $6,800 - $8,000 area is a great zone to buy in. If price holds, I expect momentum to start picking up from here rather quickly... I don't think we will be trading sideways. Right now it will be sharp moves up/down. Only price will tell. However, I am long, longterm. Buy when they are scared. Buy in the blood.
On the weekly chart price is currently testing the 100 day EMA. Alongside that, there are multiple support levels here and I believe price will hold.
After a sharp recent fall, I have finally decided to add to my bag of BTC. See my previous trade ideas on BTC as I was neutral during the sideways action.
I've been stalking BTC for the past week waiting to strike because this $6,800 - $8,000 area is a great zone to buy in. If price holds, I expect momentum to start picking up from here rather quickly... I don't think we will be trading sideways. Right now it will be sharp moves up/down. Only price will tell. However, I am long, longterm. Buy when they are scared. Buy in the blood.
On the weekly chart price is currently testing the 100 day EMA. Alongside that, there are multiple support levels here and I believe price will hold.