It's been 2 months since bears have been slaughtering this market, however the slaughter cannot continue forever and bitcoin has been showing signs of recovery after hitting the bottom.
Right now it's about to break free from the bear dominance, but as expected, there is also some resistance to overcome.
At this trading idea I want to highlight some indecision in the market. It basically goes ping pong between two daily doji candles...
But what's interesting is the MACD. Today, as bitcoin went back to 10k, the lines are not going to converge.
This means the uptrend has to continue.
What's more, the MACD is about to gain full moment because right now it's crossing the zero mark.
My trading idea is to go long until macd cross again. That way we could gain at least few thousands.
Stop loss if it crosses prematurely.. but the possible loss is much smaller than the possible gain.
This analysis is for educational purpose of course. If you like my idea - pls comment.
Right now it's about to break free from the bear dominance, but as expected, there is also some resistance to overcome.
At this trading idea I want to highlight some indecision in the market. It basically goes ping pong between two daily doji candles...
But what's interesting is the MACD. Today, as bitcoin went back to 10k, the lines are not going to converge.
This means the uptrend has to continue.
What's more, the MACD is about to gain full moment because right now it's crossing the zero mark.
My trading idea is to go long until macd cross again. That way we could gain at least few thousands.
Stop loss if it crosses prematurely.. but the possible loss is much smaller than the possible gain.
This analysis is for educational purpose of course. If you like my idea - pls comment.