BTCUSD - Where to look for buy setup
Updated
After retesting the all time high level, BTCUSD has retraced which was well expected. However, this sharp fall today is a bit unusual and has put a lot of people off guard.
However, the case for the bull run is still very valid and is going to give smart money opportunity to load more.
Watch the key levels below for turnaround and buy and hold to the moon....
1st key level : 15800-16000 (this isn't really strong but wait for confirmation)
Main level to watch: 13000 is the place where I'd add to my existing positions. This has been a key support and resistance in the past and also coincides with 38.2% fib level and 20 wma.
This idea is long term investment and not for intraday trading.
However, the case for the bull run is still very valid and is going to give smart money opportunity to load more.
Watch the key levels below for turnaround and buy and hold to the moon....
1st key level : 15800-16000 (this isn't really strong but wait for confirmation)
Main level to watch: 13000 is the place where I'd add to my existing positions. This has been a key support and resistance in the past and also coincides with 38.2% fib level and 20 wma.
This idea is long term investment and not for intraday trading.
Note
Daily Chart
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