DLavrov
Long

Bitcoin Buy Opportunity

POLONIEX:BTCUSDT   Bitcoin / Tether USD
This is a long term trade. The price bounces from the support zone formed by SMA100, 10000.00 support level and the uptrend line. RSI confirms price reversal. MACD histogram is going to support a new upward movement. Entry level is at 12150.00 with stop orders below the local swing low at 8850.00 level. Profit targets are 17000.00 and 20000.00 resistance levels. The part of trade volume should be left for long run.
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At this point of time no TA can work accurately. As this is pure manipulation, it is best to HOLD ur coins and never sell in loss.

Even if BTC temporarily goes down to scary numbers like 3k-5k USD. Dont panic sell! Though, this might not happen.

Crypto/BlockChain are here to stay.

Best,

TradingBaba
Reply
WTF is happening with the price, is that normal ??

i am confused :(

thought it is going to 14k before bull again to 8k or 5k.

following the price chart i dont know where it is heading ?!

anything new ?
Reply
@Supernova_elite I'm with you. Look at this: our opinion about BTCUSD (ok, it's German, but easy to understand). The trend will be intact. The 1st touchdown would be by 7780$ or lower. As a team of institutional traders, I think, we know what are talking about. For questions, comment this or leave a pm. wish u all success.
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Good, but I think it's not the of correction..
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Mr Lavrov we need an update please, we broke 12k resistance!
+1 Reply
Hi, I am quite new to trading and was just wondering if there is any reason why you use rsi on 8days instead of 14? Its still in range for price reversal, a bit higher thou.
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There is momentum, maybe this is the end of the correction? People have cash, and this correction has been jumping around for almost a month...it is time to get back on your feet BTC!! Awesome Call DLarov!
+2 Reply
could drop lower but i have a feeling that the last drop from 17k directly to 10k was an exaggeration. i would rather have expected it to 13k first and bounce from this line again at least one more time or stay there for at least a day. this didn't happen, not that it needs to be like this, but it would look more reasonable even if it's short. instead we went down quickly and touched 9k with a sharp counter movement, more or less showing strength, regarding the situation. Other currency pairs for example sometimes drop even lower in such a sharp situation with no reaction whatsoever. just look at the dollar for example. but here i have the feeling that the exaggeration rather opens new chances. but, if we go back to 15 or 17k i will close half of my position and let the rest on break even and rather open a new position after breaking out above the ath where bitcoin always showed the really strong movements
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