BitcoinLong
Bitcoin Technical Analysis 11/22/2019
Bitcoin TA 11/22/2019
After a sharp recent fall, I have finally decided to add to my bag of BTC. See my previous trade ideas on BTC as I was neutral during the sideways action.
I've been stalking BTC for the past week waiting to strike because this $6,800 - $8,000 area is a great zone to buy in. If price holds, I expect momentum to start picking up from here rather quickly... I don't think we will be trading sideways. Right now it will be sharp moves up/down. Only price will tell. However, I am long, longterm. Buy when they are scared. Buy in the blood.
On the weekly chart price is currently testing the 100 day EMA. Alongside that, there are multiple support levels here and I believe price will hold.
After a sharp recent fall, I have finally decided to add to my bag of BTC. See my previous trade ideas on BTC as I was neutral during the sideways action.
I've been stalking BTC for the past week waiting to strike because this $6,800 - $8,000 area is a great zone to buy in. If price holds, I expect momentum to start picking up from here rather quickly... I don't think we will be trading sideways. Right now it will be sharp moves up/down. Only price will tell. However, I am long, longterm. Buy when they are scared. Buy in the blood.
On the weekly chart price is currently testing the 100 day EMA. Alongside that, there are multiple support levels here and I believe price will hold.
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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.