I am thinking about buying BTC , due to the oppertunity emerging in the market right now. I have found three indicators that i find useful on this buy in. I am using SMA (but a weird tradingview version of it, but it still does the job), elliot wave (i dont like using it that much because it is very user interpretad) & last but not least trend lines .
As you can see there has been two large waves of bitcoin but i dont think that interrest of this product is gone and Bitcoin has huge potential in the future. This is why i am deciding to buy the coin, both because of the price right now and also potential for the future.
The only thing that i need is a good entry price. The way i think that i can get the best price with the best confirmation, is to follow the moving average. It is now at a critical moment because the actual price is now touching the moving average. I see two things happend, one: the price falls before surpassing the trend line. Two: the price exceeds the SMA and goes to the top of the trendline. If the price exceeds the SMA i am buying.
I am setting my stop loss below the trendline if i get into the trade.
I am not a professional crypto or stock trader, so please do your own due dilligence
Best regards
Mathias Falch
As you can see there has been two large waves of bitcoin but i dont think that interrest of this product is gone and Bitcoin has huge potential in the future. This is why i am deciding to buy the coin, both because of the price right now and also potential for the future.
The only thing that i need is a good entry price. The way i think that i can get the best price with the best confirmation, is to follow the moving average. It is now at a critical moment because the actual price is now touching the moving average. I see two things happend, one: the price falls before surpassing the trend line. Two: the price exceeds the SMA and goes to the top of the trendline. If the price exceeds the SMA i am buying.
I am setting my stop loss below the trendline if i get into the trade.
I am not a professional crypto or stock trader, so please do your own due dilligence
Best regards
Mathias Falch
Note
The price hasnt exceeded the SMA, but there is still hope. I will keep checking the price, i will notify if it exceeds.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.