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(BTCKRW chart)
To check the upward momentum we look at volume.
However, in order to check the power of the market itself, you need to look at the size of the funds and how they are flowing.
In...
Looks like we are moving according to plan, but we are noticing some resistance being respected.
therefore move stop losses in profits accordingly. this applies to all bitcoin pump ideas
well done Lungu FX team!!
TECHNICALS
there a a few reasons to by bitcoin this week
1- markets have come to thee resistance turned support.
2- markets are within the 61.8% fib level.
3- markets have made there 3rd touch of the supporting trend line.
however if market does break out of the support zone, wait for market to touch the 4 hour support zone of 73659730.1 then enter a buy...
This chart provides a technical analysis using the ATR indicator. It plots a buy and sells signal based on daily data. This chart should not consider as financial advice always do your own research.
As you can see, 1st target was made, but in light of recent events i feel comfortable getting in late on this one
Entry 11048000
Target 1 11311389
Target 2 12079872
RRR 3.37
SL 10742837
GL everyone
i believe this will be the largest bear trap as we head into the bitcoin halvening
I don't usually take this much risk on my trades, however, since I will be scaling in my spot buys, it is my belief that as long as the recent bottom at $6666 holds, my bull thesis is in place
![BTCKRW: [BTCKRW] 220419 BITCOIN LONG Scenario](https://s3.tradingview.com/0/0CcGvnb8_mid.png "[BTCKRW] 220419 BITCOIN LONG Scenario")
