MrClock

Bitcoin, mapping support and resistance zones

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
In this chart I mapped support and resistance zones, as bottom in support buy zones are good purchases with a target for a next pullback in the daily.

The buying power of bitcoin is very low, considering that there has been a 50% drop from this historic top, so the chances of bitcoin continuing to fall into the next support zones are relevant.

I continue to buy with only 10% of the capital available for trade, my purchase as previously mentioned was in the region of 35k. I have open orders in the region of 30k and 27k , each with 10% too.
Comment: I sold previously purchased bitcoins in the 35k region now at 39k.
Now I am 100% bear.
Comment: I'm keep open buy orders at 29.8k, 28.4k and 26.2k. 10% of my trade capital each order.

Comments

Plz. Are the orders in the range of 30 & 27 canceled?
Reply
MrClock doctor10
@doctor10, I'm keep open buy orders at 29.8k, 28.4k and 26.2k. 10% of my trade capital each order.
+1 Reply