Bitcoin Entry Levels

Bitcoin falls and we have to think about possible entry levels. Price diverged with RSI and MACD histogram and it gives us a sell signal. ADX line of DMI indicator starts falling and it shows that we will not see up movement. The level 2900.00 is the local high. We could sell below 2450.00 based on the daily chart, but good entry levels for short trades were on lower time frames. Now it's better to think about possible entry levels for long trades. The good level to buy will be at the possible reversal zone between 2000.00 and 2300.00 levels. Also MA50 (blue line) will be an additional support line for the market. Profit target for long trades will be at 2900.00 level. And one more thing, do not forget that price reversal must be confirmed by MACD histogram, RSI and possible candlestick patterns. Only after this confirmation, buy or place buy-stop orders.

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