After my SL was hit few days ago, I have been thinking when I should enter a position again. From the TA analysis, I think the temporary price increase to 6527 for BTC is a bear trap because:
- Price increases slightly (circled as red) but volume by price has been decreasing.
- MACD (blue) is lower than the signal (red) - bearish signal.
- CCI Is -143 at the time...
Hi all, I hope your day is great today because there is a slight rebound for BTC (as well as ETH and other crypto-currency)!. I got the following update on support and resistance levels for you:
Current price (at the time of my writing): 8410
Resistance 1: 8478
Resistance 2: 8600
Resistance 3: 9045
Resistance 4: 9500
Support 1: 8000
Support 2: 7800
It is my first chart. I hope it is not too trivial to you.
Assume there is no favorable news to the cryptomarket and to ethereum itself, there are three support levels according to the chart:
Support 1: 420
Support 2: 370
Support 3: 280
Just be patient and wait for the good opportunities to buy. In Ethereum we trust.
Your feedback is welcome!