Bitcoin Buy Opportunity

The price is at the possible reversal zone formed by SMA100 and the support levels. RSI confirms price reversal in the oversold zone. MACD histogram supports upward movement. If the price breaks the downtrend line, we'll get a new trading opportunity. Buy orders can be placed at 14820.00 level with stop orders at 12820.00 level. Profit targets are 17000.00 and 17500.00 levels. The daily chart shows that the market can fall lower to a reversal zone formed by SMA20 and 10000.00 level. We have to be careful with buying based on the breakout signal and we should not invest more than 10% from the deposit size based on this signal.

Comment:

The price did not activate buy orders. We should delete these orders and wait for a new trading opportunity.