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.
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The price did not activate buy orders. We should delete these orders and wait for a new trading opportunity.
Bitcoin now is like a bitch walking in the hood, everyone wants a piece of that my point here is each dip counts, I have bought every dip possible and still in profit.but if you are planning for a long term trade you don't care about the the current price or even the dip, bitcoin has an open target from today from even a year ago , 100k will be the dip one day. if you don't believe in this keep it short terms trades. and of course thanks to this amazing guy DLavrov for his commitment publishing his work! at every possible opportunity my guy cheers.
jujutrader
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lookks like nobuddy know jack shit
TomBrazil
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Your post, as usual, very enlightening. I was just long on BTC, then I read carefully what you wrote, I went to the charts, zoom in, zoom out, and then I realized (just after bought today on 13K), the graph was not going up but instead going down. I sold successfully, since it was hitting resistance. And it came really close to 14,8, but didn't go through. Thanx again!
Thank you for your great advice and in helping us keep steady in these turbulent times @DLavrov. Would you mind elaborating a little bit on what that means exactly? Thank you again!
PatrickBoutin
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Thank you for your great advice and in helping us keep steady in these turbulent times @DLavrov . Would you mind elaborating a little bit on what that means exactly? Thank you again!