ranga
Senior Member
- Aug 9, 2009
- 800
- 628
Patience, let this downtrend end, then start to accumulate in small batches, there will be a long time wise correction after such a big fall.
ranga
Senior Member
- Aug 9, 2009
- 800
- 628
BTC has broken above 19600 levels, breaking a strong resistance and testing 21200 resistance, it has also broken over 200 and 50 days MA. Its volumes are also strong on the upside. So chances of it breaking up and entering a new bull phase is very high and risk reward ratios are in favour of the bulls.
Technically, 19600 is now going to be support and next support is 15500 (max loss level) upside levels are 21500 and 24300 and then 28600.
Technically, volumes and price jump are in favour of the bulls.
Technically, 19600 is now going to be support and next support is 15500 (max loss level) upside levels are 21500 and 24300 and then 28600.
Technically, volumes and price jump are in favour of the bulls.
ranga
Senior Member
- Aug 9, 2009
- 800
- 628
For those who don't believe in technical analysis please see what BTC is doing in the image below. Not all charts follow technicals so nicely, but when they do it seems almost magical. See how it touched support at 19600 levels, a support line charted months back on the chart and then moved up and is now getting resistance at 28600 line, which was again plotted months back.
Technically, the uptrend can continue once it crossed 28600 levels. It can either do it in a short time or it can take a small breather / correction before again trying to break 28600 levels. Once it does next resistance is at 36200 levels.
Technically, the uptrend can continue once it crossed 28600 levels. It can either do it in a short time or it can take a small breather / correction before again trying to break 28600 levels. Once it does next resistance is at 36200 levels.
DrBitcoin
Failed to resolve dispute
- Mar 27, 2023
- 551
- 391
I should've bought at the time of this comment of yours
ranga
Senior Member
- Aug 9, 2009
- 800
- 628
Opportunities are always recognised in hindsight. There is nothing lost though yet, if it drops or breakout, in both cases there would be buy opportunities.I should've bought at the time of this comment of yours
DrBitcoin
Failed to resolve dispute
- Mar 27, 2023
- 551
- 391
i bought at around 16800 but sold at 23k man
then rebought at 25 hehe and im still hodling