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BTC ANALYSIS FOR POSSBILE BUY POSITIONS
Good day fans
I believe we all had a wonderful weekend, and as the weekend is almost gone, here are some of my analysis for the bitcoin possible moves for the new month on November
With the help to determining the market speed and trends of the current and next market moves, We use approximately just 4 trend lines to know that.
(1) First of all before the big DIP of bitcoin, we have 3 level - low of 58366.63 were price may drop to as the support before heading up to retest the highest resistance, and also the inner level of liquidity 63613.64 There we will have to wait and see if price and break through and close then retest before continuation upwards.
(2) Trend movement - Here we have seen that the market is in an up trend but buyers are getting fully exhausted when they get to the next resistance point of price 67619.86, then we may see a big DIP to the down side, we have determined our next speed of price with just 4 trend lines shown in the analysis.
(3) So we have long position and also short position, use good RISK:REWARD management
This are just my own idea of how to execute my trades for the week, not a financial advice on how to go about it!
I believe we all had a wonderful weekend, and as the weekend is almost gone, here are some of my analysis for the bitcoin possible moves for the new month on November
With the help to determining the market speed and trends of the current and next market moves, We use approximately just 4 trend lines to know that.
(1) First of all before the big DIP of bitcoin, we have 3 level - low of 58366.63 were price may drop to as the support before heading up to retest the highest resistance, and also the inner level of liquidity 63613.64 There we will have to wait and see if price and break through and close then retest before continuation upwards.
(2) Trend movement - Here we have seen that the market is in an up trend but buyers are getting fully exhausted when they get to the next resistance point of price 67619.86, then we may see a big DIP to the down side, we have determined our next speed of price with just 4 trend lines shown in the analysis.
(3) So we have long position and also short position, use good RISK:REWARD management
This are just my own idea of how to execute my trades for the week, not a financial advice on how to go about it!
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