Bitcoin reversal
Look at that retracement! Bitcoin has sold off over 25% from its all time high at $19,900. The market is still bearish, but it is quickly approaching support that may reverse it.
Buy orders can be placed at 13,300-13,500 where the two month trendline will provide support. The next support is at 12,700. Watch for reversal signals in price, indicators (RSI, Stoch, MACD, etc), and look for a volume spike. I will post updates as we near the target.
Buy orders can be placed at 13,300-13,500 where the two month trendline will provide support. The next support is at 12,700. Watch for reversal signals in price, indicators (RSI, Stoch, MACD, etc), and look for a volume spike. I will post updates as we near the target.
ノート
Fibonacci retracement of run from swing low at 2900 to ath shows support at 13,380.
トレード稼働中
Price reached 13k level on several exchanges, 12.8k on GDAX. Opening long trade.ノート
Trend line and fibonacci line tapped. RSI support line tapped on 4 hr chart. Volume spike suggests that Bitcoin has put in a bottom. Waiting for reversal signal confirmation from MACD and RSI
ノート
RSI and MACD confirm upward movement and show bullish divergence on the 30 and 60 minute charts.ノート
Trend line broken. Additional targets are at 10,000 and 8,000.
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