Bitcoin found the bottom
Updated
After over a week's wandering off, Bitcoin found the bottom. Reasons as follows:
Divergence of MACD in 1H time frame.
Strong bounces from the demanding area with big volume.
The problem of Tether has almost resolved.
Large capital withdraws from stock market may pour into crypto market.
Plan: Long the pullback.
Stop: 6500
Target 1: 6650
Target 2: 6750 +
Leverage: NA
Disclaimer: The creators of this idea is not a financial adviser, and as such, this idea is not financial advice.
Divergence of MACD in 1H time frame.
Strong bounces from the demanding area with big volume.
The problem of Tether has almost resolved.
Large capital withdraws from stock market may pour into crypto market.
Plan: Long the pullback.
Stop: 6500
Target 1: 6650
Target 2: 6750 +
Leverage: NA
Disclaimer: The creators of this idea is not a financial adviser, and as such, this idea is not financial advice.
Note
Bitcoin gets support again. The market is still waiting Tether to restore, that might be the reason for such a range of 12 days.Trade closed: stop reached
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A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
Disclaimer
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