rkothwala

When to buy BTC in 2018? $3XXX? $2XXX?

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BITFINEX:BTCUSD   ビットコイン/米ドル
As we already know, Nov and Dec months are key months for bitcoin as we saw in 2017. Today (25th Nov, 2018) Bitcoin came to $3xxx for the first time in 2018. This makes BTC into new strong support level for upcoming weeks. Unless we see a new trend along new positive news, we will test another support level as we had $5800-6200 in previous months. By considering 200MA of weekly chart $3100 will be the next key level.
Therefore we need watch RSI which near to 30+. If it's bounce from ~30, then we can buy BTC.

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