BTC is giving us a new opportunity to open long term investments. RSI + CCI are forming positive Divergence and supporting trend reversal. The price bounced quickly from the bottom back above MA100 level and Strong support levels of 14,000 and 14,590 levels. Once MACD crosses it is giving us another signal of upward movement. Strong signal for beginning of a new trend is the cross (explained in the chart). Buy orders should be set above 15,591 resistance level and stop-loss to 10,700 level. Breaking the downtrend line is indicating further upward movement but if the price rejects downtrend line then possible reversal zone will be tested.
If the price breaks below 14,590 support level, then ideal reversal zone would be around 13,800 and 13,100 levels.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
If the price breaks below 14,590 support level, then ideal reversal zone would be around 13,800 and 13,100 levels.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
