Bitcoin: The Perfect Zone for Buying
The daily chart clearly shows us where is the perfect zone for buying.
The price broke SMA20, and it looks like the downward movement will be continued. The 1st target is SMA50. If the price breaks it as well, the next support zone will be able to provide the reversal signal. This zone is formed by 10 500USD and 10 000USD levels. It includes SMA100 as well.
This support zone looks the perfect one for opening long positions using the exact buy signals from the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price broke SMA20, and it looks like the downward movement will be continued. The 1st target is SMA50. If the price breaks it as well, the next support zone will be able to provide the reversal signal. This zone is formed by 10 500USD and 10 000USD levels. It includes SMA100 as well.
This support zone looks the perfect one for opening long positions using the exact buy signals from the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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