BITCOIN BUY ZONES: $7500-$7677 (Buy The Dip)

Bitcoin has been rejected four times while trying to reach higher price levels

Every rejection has shown the weakness of buyers and the strength of sellers

This suggests the Bitcoin market has a bearing bias at the moment

The likely buy zones are around $7500-7600 which corresponds to 68.2 Fibonacci level

Buy the dip

GL

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BTCUSD is moving up. Watch for how it reacts to the resistance as shown in YELLOW

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BITCOIN is still showing weakness

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Bitcoin still showing weakness (SHORT)

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UPDATE: Bitcoin is going down as expected, let's see at what price level buyers jump in to stop this drop:

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BITCOIN UPDATE: weakness in the market is real, buy the dip

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BTC Update: Bitcoin has been falling as expected with sellers in control of the market so far, buy the dip (green lines)

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BTC update: nice drop there, but not the last one, getting into buying zone

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UPDATE: BTC reaching buying zone, but not done yet

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BTC update: watch out Bitcoin is getting ready for the next leg down

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Update: becoming reached the buying zone as predicted, waiting for signals reversal

Trade geschlossen: Ziel wurde erreicht:

Update: Bitcoin is going to rally short term, Closing position. Long BTC