BitcoinLong
Are BITCOIN going down? Let me explain why not!
Hello guys, today we had an pull back at bitcoin, i see so many folks are afraid that we are going down and bears controls market again. I don't think that those thoughts are true. 9390 is a price that bitcoin tried to pass to many times and couldn't pass that resistance level for too long. Last week we passed that level and go way more up, we found ourselves near the psychological resistance level which is 10.000$. If you are in that market for at least 6 months you should know that the chance of passing a psychological resistance at first try is almost impossible. So, as expected we couldn't do it but it does not mean that we are going down again. In this chart, red arrows means resistance price and green arrows means support price. As you can see 9390$ did it's job and worked as support. For now i expect a bullish movement again. I'm not going to buy any bitcoin right now because i already have more than enough. Still, if you sold your bitcoin near 10.000$ and looking for a safe place to buy in, here is a strategy for you.
Strategy:
Buy point: 9650-9700
Sell point: 11k+
i will not empty my bags at any price below 10k, 11k+ is coming until end of the may. So, be patient don't try to day trade if you are not an expert, wait for your time to sell.
Stay safe.
Strategy:
Buy point: 9650-9700
Sell point: 11k+
i will not empty my bags at any price below 10k, 11k+ is coming until end of the may. So, be patient don't try to day trade if you are not an expert, wait for your time to sell.
Stay safe.
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