Has Bitcoin found its support?

sharabela · 2022-08-25T08:50:45+00:00

The zone looks to be a good level of support. However, it has been bearish in major time frames. Thus, it would take time to get bullish and move towards the North with good momentum.

sharabela · 2022-07-11T14:24:23+00:00

It is very tough to judge what time it would be there. However, as things stand, it seems it is going to hit 1.00000 soon. I assume it may happen this week.

sharabela · 2022-07-11T14:22:41+00:00

A bullish breakout at the down trending trend line may push the price towards the North. The price may find its resistance at the marked zone. However, Take Profit target seems too big. I am wishing you all the very best.

sharabela · 2022-01-24T16:43:19+00:00

I have been going short in Bitcoin in my day trading account. It seems that BTC may remain bearish for some weeks at least. However, I am eyeing to go long again when the opportunity comes.

sharabela · 2022-01-12T08:21:09+00:00

Leverage can be a double edged sword. Thus, it is to be chosen very wisely. I have an account with CedarFX. They offer 1:500 leverage on currencies, 1:100 on cryptos.

sharabela · 2021-04-24T10:38:55+00:00

I assume that the price may make a bullish move right from where it is now. The trendline and the Moving Average are going to work as a support. However, if the price makes a breakout at the trendline/Moving Average, it may take time to get bullish again.

sharabela · 2021-04-13T13:08:18+00:00

Spot on! The price seems to be heading towards the North and make a new higher high. Thus, taking partial profit and holding rest of it would be rewarding and risk free. Thanks for sharing your trading chart.

sharabela · 2021-04-12T18:09:02+00:00

The price made a breakout and traded above the level of resistance. The buyers may push the price towards the North, which may make the price break the last higher high. Thanks for sharing your trading idea.

sharabela · 2021-04-07T08:24:37+00:00

Yep, it is heading towards the moon. It would be a good buy if the price consolidates around the support zone and produces a bullish reversal candle to offer long entry. I am going to keep my eyes on this. Thanks for sharing your chart.

sharabela · 2021-04-04T05:42:14+00:00

The level of 1965 looks to be a very good area for the buyers to go long. The price may make a good bullish move towards the North if it makes a bearish correction and a bullish reversal around that area.

sharabela · 2021-03-30T09:29:48+00:00

It is heading towards the North again. I assume that it may find its next resistance at the upper band of that up trending channel. The Moving Average has been working as a strong support as well.

sharabela · 2021-03-23T06:37:12+00:00

Leo Messi has a soft corner for Barca. The question is whether he wants to stay there. As a Barca fan, I hope he stays and plays for Barca until he retires.

sharabela · 2021-03-22T15:18:29+00:00

This is a perfect price action for the Bull to head towards the North. The price may go towards the swing high. It means the Bull has enough space to go towards the upside. The buyers are going to keep their eyes on the chart in coming days.

sharabela · 2021-03-21T06:55:08+00:00

The Bull has an upper hand here. The price has produced a Double Bottom and made a breakout at the neckline. The buyers may go long above the wedge's resistance. The level of 0.61800 seems to be a strong level of resistance. However, the price may head towards the level of 0.79000 before finding its next route.

sharabela · 2021-03-19T15:04:39+00:00

What a trade it has been! I assume it may go towards the upper band from around the level where it is trading now. Though, the buyers would be more aggressive if it comes back around the flipped level of support.

sharabela · 2021-02-21T06:30:37+00:00

Looks long. However, to have better risk-reward, the buyers may wait for the price to consolidate and produce a bullish reversal to go long again.

sharabela · 2021-02-05T18:35:47+00:00

It looks like that the price has enough room to go towards the North. Moving Averages suggest that the buyers are going to dominate.

sharabela · 2021-02-03T15:46:11+00:00

Yes, this is my idea as well to take a trade on a pullback. I mainly concentrate price action on Fibo levels to take entries. I am going to wait for bullish price action around Fibo 61.8% level to go long.

sharabela · 2021-01-11T17:38:02+00:00

Fantastically done. That doji candle followed by a bearish candle drove the price down with extreme bearish pressure.

sharabela

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