The price reached the monthly uptrend line. It is a strong support line, and you can see how the price bounced from it in the past. If Bitcoin does not move lower, this market will be able to move upward. The strong trend line will be a good starting point for such movement.
We should be ready to see a price reversal. There are the following reasons for this: - the strong trend line - RSI line is in the oversold zone.
The confirmed reversal signal can be used for long and medium term trading. Buy positions can be opened based on the daily chart. For buying, we need to wait for a bullish candle, which will confirm that the market is going to bounce from the support zone. For short term trading, it will be better to use lower timeframes and trend reversal signals.
I'm in. On one hour time frame there is a nice hammer formed. It looks like resistance drawn by you holds the price, let's see the price will bounce from it;)
aklang
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this time you are right,I hope
DLavrov
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@aklang, sometimes I can be right, sometimes markets can be right - it is trading. Thanks for your feedback!
Moe_mentum
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EOS was good short, its time to recover
asgcorp
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THE BEST EURUSD DAILY TRADE PLAN WITH SL AND TP BULLS/BEARS.
get ready for gap fill @ 0800 next 3 weeks.