Bitcoin: Buying Opportunity
The price bounced from 10 000$ support zone several times. RSI and MACD confirmed the price reversal. At the same time, we have trend reversal signals based on bullish divergences in the 1H and 4H timeframes. It gives us a rather interesting buying opportunity. Stop orders must be placed below 10 000$. The profit target can be based on round numbers.
Such a simple but solid setup can be used in different timeframes and markets.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Such a simple but solid setup can be used in different timeframes and markets.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.