Bitcoin buy opportunity
What a retracement! BTC has sold off over 25% since its all time high at $19,900. The market is still looking bearish, but we are approaching strong support that could create a reversal.
Buy orders should be placed at the 2 month trend line around 13,300-13,500. There is the possibility of a panic capitulation beyond the trend line to 12,500. This is a strong support and should hold. Wait for reversal confirmation from the price, indicators (RSI, Stoch, MACD, etc), and watch for a volume spike.
Buy orders should be placed at the 2 month trend line around 13,300-13,500. There is the possibility of a panic capitulation beyond the trend line to 12,500. This is a strong support and should hold. Wait for reversal confirmation from the price, indicators (RSI, Stoch, MACD, etc), and watch for a volume spike.
Note
It looks like I posted this chart twice. It bugged out the first time I posted it, so I made another. Oh well. All updates will be posted to the other chart.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.