Hi all,
I am back with another chart. Today I see a perfect buy spot. As rounded in black, the daily candle is manipulated by Bulls to strengthen their longs. I have also pointed various points that indicate that there is huge support for bitcoin from 8400-8600 and thus I suggest any one can long at 8400-8600 and can ride next 1200-1300$ up move. My Target is 9600-9800+. Also it is a good habit to set the stops and my stop is 8150 which I think is most unlikely at this point. So I will close this idea either when my stop or target reached. Again I stress don't get tempted to short on this uptrend and take the opportunities like today's dip to long.
All the best and peaceful trading,
Budha.
I am back with another chart. Today I see a perfect buy spot. As rounded in black, the daily candle is manipulated by Bulls to strengthen their longs. I have also pointed various points that indicate that there is huge support for bitcoin from 8400-8600 and thus I suggest any one can long at 8400-8600 and can ride next 1200-1300$ up move. My Target is 9600-9800+. Also it is a good habit to set the stops and my stop is 8150 which I think is most unlikely at this point. So I will close this idea either when my stop or target reached. Again I stress don't get tempted to short on this uptrend and take the opportunities like today's dip to long.
All the best and peaceful trading,
Budha.
Note
Note
Bitcoin is having roller coaster, Trapping bears. We had a dip followed by pump untill 877X which is a very good sign but at the same time it is very dangerous as we can see some fake dips of any magnitude. So my suggestion is "Don't Gamble high leverage and don't trade when not sure.Best thing is to have longs opened with very low leverage or leave the day trading to professionals". Again don't get tempted to short but be watchful for the dips to long. I am open to Pm so don't shy if you need any helpTrade closed: target reached
Hi all I am closing this Chart as we hit almost 8800 and I am publishing a new chart today. Please kindly follow the new chart and ignore this oneNote
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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.