This is called a '' Perfect Retest '' $BTC found it's support at 0.5 Fib level With the confluence of 23 EMA which is also the previous resistance. If $BTC finishes today's candle strong it is likely to retest the $50,000 zone again.
The Altcoins are also bouncing back nicely from the bottom and most of them have been highly profitable. Things are looking pretty...
Fresh Trade Setup :
$DOT has broken the trendline on 1hour chart and forming higher highs which is a good uptrend indicator !!
Ideal Buy Zone : 20 - 21.50
Stop Loss : 18.00
We can see a little pullback for Ethereum hence you can limit your buying orders for ETH at the Buy zone mentioned below !!
Buy Zone : 2400 - 2450
Stop loss : 2200 - 2250
BTC is forming a symmetric triangle on a 1 hour chart. The triangle is coming closer, There is a possibility of another strong push $39,500-$40,000 area. This triangle needs to be broken for the upward and shall be held strong above 40k . 35k is a strong support right now and if the triangle is broken downwards and comes just above 34k mark, we can see it to drop...