Bitcoin Buy Opportunity

The price bounced from the support zone 1 and it's going to break one of the downtrend lines. MACD supports a new upward movement. But we can get a trend reversal signal, only if the price breaks the main downtrend line. We can use this breakout for entry the market and buy above the high of the signal candle. As a variant we can place pending orders above the local swing high and the downtrend line, it's 14600.00 level. Stop orders can be placed at 11600.00 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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Thanks for the analysis! It went through both downtrend lines! Coming up possibly a short correction?
This was a no brainer, nice charting brah!
You better look this bitcoin prediction and be ready to massive jump up:https://m.youtube.com/watch?v=Iazt6kPbQpI
So, the trend is confirmed?
+3 Reply
Thanks for good news :)
If the 17k is not broken, how many dollars goes down the price
WOW! Great call! Really break that downtrend with FULL FORCE and huge Volume and everything else is falling again. Lets see how far it goes ...
Is it safe to go long now?
KryptonuQ KryptonuQ
https://www.tradingview.com/chart/WvQILDR9/ longterm downtrend line broken, possible double top didnt play out, fibonacci resistance level broken, maybe target price is around 16,5k USD?
Well done!
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