SuhaibM
Long

CNDBTC analysis

BINANCE:CNDBTC   Cindicator / Bitcoin
Buy 1, buy 2 and moon signal say we can buy. Here is my analysis:

1. We can buy when risk/reward ratio is less than 2, so we should not buy now.
2. We can buy at support = 42satoshi or at the uptrend line
3.If the chart goes below the McGinley dynamic line and risk to reward ratio greater then 2, we can buy.
4. We can buy when resistance turns to support (1D open & close above resistance) = 122 satoshi.

We can sell at sell1, sell 2 or hell signal for sell decision. We must also sell if the chart goes 1D open & close below the uptrend line or the support line.

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