BTCUSD This Buy Signal never failed in the past 7 months

9 de mar. de 2023

Bitcoin hit the MA100 (1d) today with the MA200 (1d) only a short distance below.
The rejection on Resistance (1) earlier in February emerges comparisons with the August 15th rejection that dropped -26.50% before recovering.
Similarly the November selling declined -27%.
This time however the RSI (1d) turned oversold before a -26.50% price drop.
Use therefore a double entry strategy.

Trading Plan:
1. Buy on the current market price.
2. Buy at the top of the Pivot Zone, after a -26.50% decline.

Targets:
1. & 2. 25250 (Resistance 1).

Tips:
1. Unlike August and November, this time we have a Golden Cross as well as a MA100-200 Bull Cross. This indicates that we are on a Bull Cycle.

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