BillCharison

BITCOIN, Where to BUY to catch the NEXT PUMP?

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin went up and faced the resistance at $12500 - $13000 and was rejected to the zone $12000. There were formed two new support levels: $12430 and $12125 where you can buy. However, I will advise you to buy only after breakout through the $12430, because in case this support won't be broken soon - it might transform into resistance.

I mentioned the downward resistance at the chart, breaking through one will a very bullish sign. There are no divergences on any popular time-frames, however it is not a bullish sign, as many tell. Now it is better to just observe the situation and wait for further price movements. I've already mentioned the best level for buying. The target of the actual upward movement is $13880.

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