BTC Real Picture
Hello Everyone,
Since the video 2 days ago, BTC has suffered a small down move to 45500.
In this clean chart, I present you with the accurate BTC picture at the moment.
Bitcoin it is currently trading above a list of many strong support. (200day VWMA, 52 week VWMA, VWAP)
This suggests that BTC is at a fair price, with the mean price set between 45 and 47k.
This one provides an excellent RR for bulls. However, a clean break, open and close below the 45-47 k level, will likely result in a significant downturn.
The signal for a safe entry will be a clear bullish reaction on this support with a break above the 52k.
I will likely wait for an open and close above the 52k before re-entering with conviction. Nevertheless, I will open a small position with every touch of support, and I will increase them if we see a strong green body candle with volume backing the move.
Remember to be safe. Protect your capital with Stop Losses and always enter with a clear plan, not emotions.
FOLLOW ME, SHARE, LIKE AND COMMENT
Since the video 2 days ago, BTC has suffered a small down move to 45500.
In this clean chart, I present you with the accurate BTC picture at the moment.
Bitcoin it is currently trading above a list of many strong support. (200day VWMA, 52 week VWMA, VWAP)
This suggests that BTC is at a fair price, with the mean price set between 45 and 47k.
This one provides an excellent RR for bulls. However, a clean break, open and close below the 45-47 k level, will likely result in a significant downturn.
The signal for a safe entry will be a clear bullish reaction on this support with a break above the 52k.
I will likely wait for an open and close above the 52k before re-entering with conviction. Nevertheless, I will open a small position with every touch of support, and I will increase them if we see a strong green body candle with volume backing the move.
Remember to be safe. Protect your capital with Stop Losses and always enter with a clear plan, not emotions.
FOLLOW ME, SHARE, LIKE AND COMMENT
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