Bitcoin - Time to bounce
If you are with me and profited from 2 last trades, now you should know we have Bitcoin in a very occasional long momentum. I closed my last short position at 9650. So I'm not bearish anymore and watching to enter into the 9650-9700 zone. If MA500 which now is a very strong support can hold the price, then I go long with 40% of my active capital. I will add 30% to my position, each time price tests MA500 and rejected.
In case of a emotional movement by bulls, if we never entered into the buy zone, I'll update the Idea to let you know my new entry zone. A tip to pay attention to is that we are seeing a death cross happening in 1H chart. This can cause a one or two or even three days consolidation. But shaping a golden cross in daily chart can bring us the hope that we cross over it so soon.
I have attached my last ideas to this post. Please note that I'm just sharing my idea and this is not a financial advice. So trade at your own risk.
Hitting the like button helps me understand someone's hearing me.
In case of a emotional movement by bulls, if we never entered into the buy zone, I'll update the Idea to let you know my new entry zone. A tip to pay attention to is that we are seeing a death cross happening in 1H chart. This can cause a one or two or even three days consolidation. But shaping a golden cross in daily chart can bring us the hope that we cross over it so soon.
I have attached my last ideas to this post. Please note that I'm just sharing my idea and this is not a financial advice. So trade at your own risk.
Hitting the like button helps me understand someone's hearing me.
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