BTCUSD LONGBitcoin at the moment is situated into a descending triangle which means will be a final breakdown and also a sell-off with 5400-4800 target (fib 0.236 resistence) .
After when it reach this target will be a reversal in the market( Probably RSI will be below 30 and now stoch is near at heavy oversold place).
When it reach fib 0.236 resistence can be a good long buy oportunity BITFINEX:BTCUSD
Tehnicalanalysis
BTCUSD Support and Resistance Levels! fibonacci and Gann AnalyseHere we see the BTC chart with some indicators that lets us see the moving of the price in a whole different way.
we see breaks at crucial price movements with Gann levels and fibonacci.
but we want to know when to buy and when to sell and those lines are telling us what to do at which moment!
the next support levels are at.
$6330
$5850
$5200
$4700
$4200
this doesn't mean we will hit every level!!!
RSI show us to wait with buying it can go lower therefor we can hit another down movement. so at least a few hundred bucks down.
What is the best thing to do right now?
Not to sell all of your BTC but even so not to use all of your Investment portofolio!
You can Enter the market with only using a part of your whole Capital to invest in Crypto.
this part can be max 10% to 25% of your total Capital that you want to use. for example $ 10k is your max investment so 10% = $1000




