1H trend chart
BIT has broken out the downtrend line which is formed since Nov 21st
And it retested it so far on 1H time frame.
If price doesn't show a fall immediately, trading strategy as below.
In this idea we would like to share with you a coin that has a potential of more than 1000%.
The name of this coin is BIT. One of the top exchanges BYBIT is one of the biggest holders of this coin and is now starting to use it on its platform to participate in various programs, for example - lunchpad, you need to be a BIT coin holder to participate in this...
We recently covered the BIT coin on our platforms. A coin that the ByBit exchange uses to participate in its launchpad and types of services.
In a nutshell, it's a counterpart to Binance Coin.
A very promising coin, we have high expectations for it.
Looking from the technical analysis side, the price is now near a support level.
The first time the price tested...
In BITUSDT 4H
If the price break out the neckline ,trading strategy as below.
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
BIT is breaking down nicely and I have marked a zone where
I would be interested to take Longs .
Confluences * Point of Control
Speed fan .75
plus a Daily Level
Providing that BTC continues to stay range bound this presents a nice opportunity for Longs
Like and follow for...
In BITUSDT 1h
The price retest level 0.618 after touched 2.873 and converge in the wedge .
If the price break out and stand firm above the wedge ,trading strategy as below .
f you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
Click the pic to read last post and detail.
It broke out the wedge and retest the downtrend yesterday .
Now it broke out the previous high 2.873, it also TP1.
We can modify SL to 2.805
Remember to take some profit and give...
1H trend chart
After an amazing surge, Bit is converging as a descending triangle right now.
If price can break out the upper downtrend line, trading strategy as below.
a) 2.122-----(Red horizontal ray)
If you like this analysis, smash the...