Hi everyone, let's start to analysis how can we do next about bitcoin?
First, if bitcoin price falls down to the part 1 area and does't stop falling down continue breaking blow the support level, please SHORT BITCOIN.
Second, if the price declines to the part 1 area stop falling down and does not break down the support level, we can choose a low point LONG BITCOIN.
But it does't mean price will definitely reverse. If the price falls down the part 1 area and you chose one low point to long bitcoin, please setting stoploss near the support level.
How can we know if the price will go up or fall below the support line? Here to stop falling down means to reverse with V-SHAPE or start CONGESTION AREA.
If V-SHAPE reversal happens, fellowing LONG BITCOIN.
If there is no V SHAPE reversal, the price will start congestion area.
We must accurately judge the direction after the congestion area. Here I tell you if the price hangs above support level long time and no choose direction, please cancel the long order. Because long time horizontal is more likely to accumulate strength to break down the support level or even further.
Please follow my idea, because if I get clear signal to long or short bitcoin, I will renew my idea.
First, if bitcoin price falls down to the part 1 area and does't stop falling down continue breaking blow the support level, please SHORT BITCOIN.
Second, if the price declines to the part 1 area stop falling down and does not break down the support level, we can choose a low point LONG BITCOIN.
But it does't mean price will definitely reverse. If the price falls down the part 1 area and you chose one low point to long bitcoin, please setting stoploss near the support level.
How can we know if the price will go up or fall below the support line? Here to stop falling down means to reverse with V-SHAPE or start CONGESTION AREA.
If V-SHAPE reversal happens, fellowing LONG BITCOIN.
If there is no V SHAPE reversal, the price will start congestion area.
We must accurately judge the direction after the congestion area. Here I tell you if the price hangs above support level long time and no choose direction, please cancel the long order. Because long time horizontal is more likely to accumulate strength to break down the support level or even further.
Please follow my idea, because if I get clear signal to long or short bitcoin, I will renew my idea.