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Bitcoin - sell/buy the breakout - how to trade
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market price was supported by middle term up trend line several times in the last days. I expect a last up movement and test of 8000 $ resistance area before bigger price drop.RSI is near support line, expect fast price down movement if this support line breaks down. Expect price up movement to drawn support area if the RSI doesn't break down. Market volume getting lower and lower, market needs big buy volume to hold above the trend line.
Open long/short after trend confirmation as drawn in the chart.
Open long/short after trend confirmation as drawn in the chart.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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