Bitcoin, ready to rocket again?
Dear followers,
Let's provide you with a Bitcoin analysis again:
Buy: If BTC pulls back in buy zone or if we break out the triangle, or if we receive bullish confirmation (1)
Targets:
Target 1: $7362,- (If already in)
Target 2: $8363,-
Target 3: $9848,-
Target 4: $11157,-
Sell: If a daily candle closes below red line (2)
Analysis:
Bitcoin is still trading in its big descending triangle. It broke an important resistance level last week, the 50ma. The 50ma might form a new support level for BTC in its effort to break out the triangle. A full breakout occures, if a daily candle closes above the blue resistance line. This might be a signal for aggresive traders to buy. The conservative trader can wait for a close above the purple line (1) Furthermore, the macd crossed positive (buy signal) and the RSI is neutral. We have to sell if a daily candle closes below the strong red support line (2)
Don't hesistate to ask me questions.
Happy trading and good luck!
Let's provide you with a Bitcoin analysis again:
Buy: If BTC pulls back in buy zone or if we break out the triangle, or if we receive bullish confirmation (1)
Targets:
Target 1: $7362,- (If already in)
Target 2: $8363,-
Target 3: $9848,-
Target 4: $11157,-
Sell: If a daily candle closes below red line (2)
Analysis:
Bitcoin is still trading in its big descending triangle. It broke an important resistance level last week, the 50ma. The 50ma might form a new support level for BTC in its effort to break out the triangle. A full breakout occures, if a daily candle closes above the blue resistance line. This might be a signal for aggresive traders to buy. The conservative trader can wait for a close above the purple line (1) Furthermore, the macd crossed positive (buy signal) and the RSI is neutral. We have to sell if a daily candle closes below the strong red support line (2)
Don't hesistate to ask me questions.
Happy trading and good luck!
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