Bitcoin, breakout as a good buying opportunity.
The Bitcoin chart shows a trend line, which currently acts as resistance, and a key level, which also acts as resistance.
The price has been in a downtrend for 3 months and has corrected by 50% from its highs. This is quite a big drop. And now at least a pullback or a trend reversal can be expected.
In addition, we would like to point out the large volume. This is another positive signal.
In case of a contraction and breakdown of the trend line, there might be a good opportunity for buying.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
The price has been in a downtrend for 3 months and has corrected by 50% from its highs. This is quite a big drop. And now at least a pullback or a trend reversal can be expected.
In addition, we would like to point out the large volume. This is another positive signal.
In case of a contraction and breakdown of the trend line, there might be a good opportunity for buying.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Trade closed: target reached
Comment:
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