We have to see and follow the current trends. We are currently in bear season eventho bitcoin remains bullish. News from China doesn't make it any easier. Bitcoin has recovered before from bigger news than what we are receiving from China so I'm trying to search for buy opportunities. Anyway... Entry level should be in between 0.5 and 0.618 fib level but above...
Now we have to be patient and test red support line!
Blue box presents breaking point. We can break either way and I have targets for bullish and bearish targets. About bullish target. Buy around or above blue box to confirm break upwards. Target should be green box area. About bearish target. Sell target should be below red line. We have seen great support at ma100. I recommend to watch for it. ////...
News from china hasn't made trading any easy! BUT We have to look forward for possible new entry levels! These are opening for us new opportunities for longs! Entry level should be in between 0.5 and 0.618 FIBONACCI levels BUT above MA20 which is the orange line. From my calculations which you can see on chart. We will see probably bounce upwards before or after...