Koogi

Bitcoin ready to bounce back

Long
KRAKEN:BTCEUR   Bitcoin / Euro
I think the price has found support at a new major tend line and will bounce back. The fibonaccci retracement looks good. The MACD is starting to trend up. The long term trend is up and my opinion is just keep buying the dips. Buy and hold and lock in profits before the next drop. Notice how the trend line broke in the previous rise I should have sold then but held on and eventually sold at 2300.
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.