ProfessorMH

BTC bounce levels ? From where you can think of long positions

Long
BITSTAMP:BTCUSD   Bitcoin
Hi, first and most imp advice is wait for market to settle down a lil bit don't force trades.If you are holders then buy at every bounce levels , Buy in parts. But if you are future traders your concern should not be that market prices are higher or lowers you should wait for proper entry

Here I pointed on some of the strong bounce levels of BTC 47 levels becomes weak as it was most hitted by BTC , Yesterday pump was not a actual strong pump as BTC volume was on the lower side it was just the manipulation of the market just future traders and scalper can take advantage of that situation

Now before taking entries you to watch for how this strong support reacts, I am mentioning a diff bounce levels from where you can think of long by looking at the volume inflow and reaction at support
1st level is 46600
2nd level is 45500
3rd level is 44100

From these levels BTC can bounce back most probably we will visit 45

Comment below what you think




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.