News from china hasn't made trading any easy!
BUT We have to look forward for possible new entry levels!
These are opening for us new opportunities for longs!
Entry level should be in between 0.5 and 0.618 FIBONACCI levels BUT above MA20 which is the orange line.
From my calculations which you can see on chart. We will see probably bounce upwards before or after 25th of this month.
I have drawn blue line to continue MA20 to demonstrate when we will have trend change.
Why I think this is ideal entry level?
- MA20 HAVE BEEN PROVEN TO BE VERY GOOD SUPPORT LEVEL as YOU CAN SEE.
- I have pointed it out with green arrows and when we will bounce again.
- People do value BitCoin and have survived before from the crashes.
Worse scenario we had so far within BitCoin?
No I do not think so. Why? Do your search!
Feedbacks and comments are warmly welcome!
-Yarr
BUT We have to look forward for possible new entry levels!
These are opening for us new opportunities for longs!
Entry level should be in between 0.5 and 0.618 FIBONACCI levels BUT above MA20 which is the orange line.
From my calculations which you can see on chart. We will see probably bounce upwards before or after 25th of this month.
I have drawn blue line to continue MA20 to demonstrate when we will have trend change.
Why I think this is ideal entry level?
- MA20 HAVE BEEN PROVEN TO BE VERY GOOD SUPPORT LEVEL as YOU CAN SEE.
- I have pointed it out with green arrows and when we will bounce again.
- People do value BitCoin and have survived before from the crashes.
Worse scenario we had so far within BitCoin?
No I do not think so. Why? Do your search!
Feedbacks and comments are warmly welcome!
-Yarr
Note
We have entered in fib levels 0.5 and 0.618Note
Success! We broke out but we might see some more correction before going up again!Trade closed: target reached
100% Success!
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.
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.