DLavrov

Bitcoin Buy Signal

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POLONIEX:BTCUSDT   Bitcoin / Tether USD
Price dropped to the kumo and the uptrend line 1. RSI and a reversal candlestick pattern confirmed price reversal and possible up movement. We got a buy signal and it was a time for opening long trades from 2500.00 level. Stop orders for such trades must be placed below 2420.00 and take-profit near 2600.00 resistance level. Also we have one more possible entry level based on the local swing high. Place a buy-stop order higher than 2635,00 for a case if the market starts up movement and breaks 2600.00 resistance level. And one more thing, you should be careful with these long trades. The market has potential for falling to 2000.00 and 1800.00 levels.

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