Bitcoin: Targets for Sellers and When to Buy
Actualizado
Let's look at the 4H chart as it has valuable information for us. The price broke the local uptrend line. It confirmed the trend reversal if we talk about a local trend. At the same time, we got a bearish signal.
Now we have two targets for the downward movement. The 1st is at the previous local market low. It is 8400.00 support. The 2nd target is at 8000.00 support.
MACD, RSI, and DMI give bearish signals and confirm the downward movement.
How to trade?
I don't like the idea of selling in the crypto markets, and that's why I would like to search for buy opportunities. Reversal signals from 8400.00 and 8000.00 will be good for buying.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Now we have two targets for the downward movement. The 1st is at the previous local market low. It is 8400.00 support. The 2nd target is at 8000.00 support.
MACD, RSI, and DMI give bearish signals and confirm the downward movement.
How to trade?
I don't like the idea of selling in the crypto markets, and that's why I would like to search for buy opportunities. Reversal signals from 8400.00 and 8000.00 will be good for buying.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nota
The price broke 8400.00 and 8000.00 support levels. The market did not give us any reversal signals and it means we did not have buy opportunities. What's next?
The price can keep the downward movement and the next important support will be at the weekly uptrend line. Reversal signals from this zone will be good for buying.
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