BitcoinLong
Bitcoin update - buy on 4H - just a regular correction move
Updated
Dear traders and followers,
welcome to todays Bitcoin market update !
The Bitcoin price broke the 18600 $ support and started correction movement which is finished at 17600$ - 17700 $
At this price area is a good buy entry with stop loss and take profit as drawn in the chart.
On higher time frames (12 hours and more) a higher low is formed if the price don't close under 17300 $ today and this is a buy signal.
Indicators:
MACD sell volume start to slow down and the baselines going to cross bullish
RSI reached the heavy oversold area, expect buyers entering the market
Stochastic RSI looks like bullish trend reversal is incoming as well
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
welcome to todays Bitcoin market update !
The Bitcoin price broke the 18600 $ support and started correction movement which is finished at 17600$ - 17700 $
At this price area is a good buy entry with stop loss and take profit as drawn in the chart.
On higher time frames (12 hours and more) a higher low is formed if the price don't close under 17300 $ today and this is a buy signal.
Indicators:
MACD sell volume start to slow down and the baselines going to cross bullish
RSI reached the heavy oversold area, expect buyers entering the market
Stochastic RSI looks like bullish trend reversal is incoming as well
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Trade active
Trade closed: target reached
closed manually at 19350 - enjoy the profit
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.