Bitcoin Buy Opportunity

The price bounces from the support zone and it gives us a new buy opportunity. RSI confirms price reversal. MACD histogram supports upward movement. Entry level can be above 18000.00 level with stop orders below the support at 17050.00 level. Profit targets should be at 20000.00 and 21000.00 levels. Will it be a profitable signal? I don't know, may be there will be several false reversals before getting good buy signal with good price movement. But we have to use any retracement in order to catch a new upward wave on time. For protecting deposits, we have to use stop orders and proper risk management.

Comentário:

Watch for the price action at 17200.00 support level. This zone is important for further market movement. If the price bounces, we'll have a new buy opportunity. If the markey drops below, new buy opportunities will be in the zone between 16000.00 and 15000.00 levels.