XBT experienced a long needed correction from a parabolic rise. The volatility of the market make predicting price movement in the short term difficult but XBT remains bullish in the long term. The fundamentals are too strong to do otherwise.
The market is not at a great entry point right now as we are at a strong zone of support/resistance.
Volume is poicking up suggesting further mvoement but those who lost in the crash may bear the market down further.
Two buy zones, with different profit loss ratios. If you are a bull in the long term, any purchase below an ATH (all time high) is a good trade.
Buy zones:
2200, 1.19r
2102, 6.36r (larger order)
Sell Zones:
2448 (1% of total)
2634 (4% of total)
Stop loss
2020
Follow, share and like for more regular trading analysis. Comments welcome. Tweet for quick responses.
- Tenjin Crypto
@Tenjin_Crypto
As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.
#tenjincrypto #cryptocurrency #tradingsignals #analysis #buysellzone
The market is not at a great entry point right now as we are at a strong zone of support/resistance.
Volume is poicking up suggesting further mvoement but those who lost in the crash may bear the market down further.
Two buy zones, with different profit loss ratios. If you are a bull in the long term, any purchase below an ATH (all time high) is a good trade.
Buy zones:
2200, 1.19r
2102, 6.36r (larger order)
Sell Zones:
2448 (1% of total)
2634 (4% of total)
Stop loss
2020
Follow, share and like for more regular trading analysis. Comments welcome. Tweet for quick responses.
- Tenjin Crypto
@Tenjin_Crypto
As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.
#tenjincrypto #cryptocurrency #tradingsignals #analysis #buysellzone