Bitcoin has broken through a massive downtrend and is now retesting the diagonal or dynamic resistance. If bitcoin manages to hold these levels, I would exspect prices to move higher at tap the 28k level.
This is a great area to enter a long while managing your risk for a 2% max loss on trade if your stop-loss hits.
You can also see that on the 6hr TF is is well oversold which is more bullish than bearish in the medium term.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
This is a great area to enter a long while managing your risk for a 2% max loss on trade if your stop-loss hits.
You can also see that on the 6hr TF is is well oversold which is more bullish than bearish in the medium term.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.