BTC/EUR Possible re-entry level EVEN trend is BEARISH!
We have to see and follow the current trends. We are currently in bear season eventho bitcoin remains bullish. News from China doesn't make it any easier.
Bitcoin has recovered before from bigger news than what we are receiving from China so I'm trying to search for buy opportunities.
Anyway...
Entry level should be in between 0.5 and 0.618 fib level but above ma20 which is the yellow line.
Why I think this is ideal entry level?
- We have bounced from MA20 before as I have pointed with green arrows and I keep it as the "bottom".
- People do value BitCoin and have survived before.
Worse scenario we had so far within BitCoin?
No I do not think so. Why? Do your search!
Comments and likes are welcome!
-Yarr
Bitcoin has recovered before from bigger news than what we are receiving from China so I'm trying to search for buy opportunities.
Anyway...
Entry level should be in between 0.5 and 0.618 fib level but above ma20 which is the yellow line.
Why I think this is ideal entry level?
- We have bounced from MA20 before as I have pointed with green arrows and I keep it as the "bottom".
- People do value BitCoin and have survived before.
Worse scenario we had so far within BitCoin?
No I do not think so. Why? Do your search!
Comments and likes are welcome!
-Yarr
Trade geschlossen: Ziel wurde erreicht:
100%!
