The price reached a strong support zone formed by the uptrend line and the support level. RSI is in the oversold zone and it's going to confirm price reversal. The market has potential for a good upward movement. In order to entry the market more safely, we should use a breakout signal. Pending orders for buy must be placed above the local swing high. If the market reverses from the support zone, then breaks the downtrend line and moves above 0.00000580 level, we'll open long trades and get an additional confirmation of further upward movement. Stop orders should be placed below the uptrend line. This is a long term trading with profit targets at 0.0000200 and 0.0000260 levels.
@verhovyh, not yet, 580 is the reversal indicator as OP said, it broke 500 not 580, if you look at the order book every single satoshi is walled off. Wait. If you want to make a smart trade buy 25% next dip below 450 and hold tight, next buy 25% at 480, and then 50% at 600. This is the safest trade. Everyone wants to park their lambos on the moon but no one wants to do any work or use common sense. Even if you make this a 0.6 BTC investment, you're gonna come out with profit of 1.5-2.5 BTC all day long, that's 5-8k profit.