Traders,
I've got some messages of you the question when should I buy? What's a clear buy signal...
As you can see on my chart, Bitcoin is still in a big downtrend. At the moment a symmatrical triangle in the downtrend. In this downtrend there are also many opportunities to earn money. A nice up as yesterday was one of then.
- The chance of breaking out the triangle is 50/50. If we get a break out that will be a good signal. If it happens it will be a chance that BTC will test the higher level of the downtrend.
- If we get a break down from the triangle it will search to a lower support. The green horizontal lines are important support levels.
- If BTC breaks through the high level of the big downtrend, and get into the bull area, new money will into the crypto space... That bull area is a clear buy signal for many traders.
Thanks for reading!
I've got some messages of you the question when should I buy? What's a clear buy signal...
As you can see on my chart, Bitcoin is still in a big downtrend. At the moment a symmatrical triangle in the downtrend. In this downtrend there are also many opportunities to earn money. A nice up as yesterday was one of then.
- The chance of breaking out the triangle is 50/50. If we get a break out that will be a good signal. If it happens it will be a chance that BTC will test the higher level of the downtrend.
- If we get a break down from the triangle it will search to a lower support. The green horizontal lines are important support levels.
- If BTC breaks through the high level of the big downtrend, and get into the bull area, new money will into the crypto space... That bull area is a clear buy signal for many traders.
Thanks for reading!
Note
btc entered the bull area, upwards formation is in the making. Wait until new support levels are tested successfully before buying the bullNote
There comes the bull in. Waiting now is on a bounche on a lower support. Wondering which support that is and after that, that support area will be tested.
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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.
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.