The bitcoin continues to fall, following the downward trend in the short period. The buying power is low and we still have space to fall more based on the daily RSI indicator.
The correct thing is to wait for a bullish signal to start buying, this signal will begin to appear when the price begins to break the purple lines, while this does not happen, the trend remains low and any buy is very risky.
If you want to buy before the breaks of the purple lines, I suggest these buy zones, always with short stoploss. Try sell before resistence lines or when break a uptrend line (this line will begin soon).
Plan a strategy to prevent emotional action.
At this moment the more patients are earning more.
The correct thing is to wait for a bullish signal to start buying, this signal will begin to appear when the price begins to break the purple lines, while this does not happen, the trend remains low and any buy is very risky.
If you want to buy before the breaks of the purple lines, I suggest these buy zones, always with short stoploss. Try sell before resistence lines or when break a uptrend line (this line will begin soon).
Plan a strategy to prevent emotional action.
At this moment the more patients are earning more.
Not
Detected resistance on 12100 level. But we have a strong support on 10650 level, is the 0.618 level from daily fibonacci.Not
We are still far from a bullish signal, remember the resistance at 12,100.Not
Bitcoin broke the upline well in the 50% fibonacci, which leads us to believe that it was a correction.Bitcoin should now drop to the support.
We have the possibility of a double botton and the price will come back up or the price go to the zone of purchase 2.
Not
We can have a double touch on the bottom (see previous image) or buy zone 2. Suggestion to final "stop loss": 7400.If you want buy with more protection, wait price break the two purple lines in the top.
Not
Lost on bitcoin? Don't worry. We are still in a downward trend.If break to up, make fast targets bellow 11,000.
İşlem kapandı: hedefe ulaştı
Buy zone reached. To be continued in a new chart...
Telegram group: t.me/heavensignals
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Telegram group: t.me/heavensignals
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.