$BTC likely to Move Up.
With all my efforts i am back here to post a chart to you people, and as i love to trade in cryptos, so here is an idea for you, for the moment!
As we say or as I say, Chart repeat its pattern and hence the same is likely going to happen here as well. As long as i have been looking onto BTC, they respect moving averages a lot, more than anything. As the lines are drawn and an abbreviation is done on that part where the market took a resistance on the 200SMA and bounced back. A similar incidence is yet to happen here but with a small twist. Usually hammers after a big downtrend is respected. A buys from the current level of $26641 is much to a good buy with stops of $25729. $28436 can be achieved easily and there the precedence of 0.382 Fibo retracement is also done.
Wishing you people good luck!
As we say or as I say, Chart repeat its pattern and hence the same is likely going to happen here as well. As long as i have been looking onto BTC, they respect moving averages a lot, more than anything. As the lines are drawn and an abbreviation is done on that part where the market took a resistance on the 200SMA and bounced back. A similar incidence is yet to happen here but with a small twist. Usually hammers after a big downtrend is respected. A buys from the current level of $26641 is much to a good buy with stops of $25729. $28436 can be achieved easily and there the precedence of 0.382 Fibo retracement is also done.
Wishing you people good luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.