Hello World,
Let's make the trading simple, this is a very easy analysis for bitcoin for the next months/couple of year.
As you can see in the chart the volume of ther last two big bull run (2018 and beginning 2019) the buy volume is always bigger than the correction volume (short), which is good for longs.
Now the price is making a normal correction of the last bull run from this year, right now the price is getting close of the fibo 50% and fibo 61,8%. In addtion, the price is also close of the WMA(15) that's mean for you that this range is a moment to get into the asset.
The targets are showed with the fibo extension and the stop under 7200 (fibo 61,8%).
I hope this analysis was useful for you.
Good Trading
Let's make the trading simple, this is a very easy analysis for bitcoin for the next months/couple of year.
As you can see in the chart the volume of ther last two big bull run (2018 and beginning 2019) the buy volume is always bigger than the correction volume (short), which is good for longs.
Now the price is making a normal correction of the last bull run from this year, right now the price is getting close of the fibo 50% and fibo 61,8%. In addtion, the price is also close of the WMA(15) that's mean for you that this range is a moment to get into the asset.
The targets are showed with the fibo extension and the stop under 7200 (fibo 61,8%).
I hope this analysis was useful for you.
Good Trading