Bitcoin, mapping support and resistance zones
In this chart I mapped support and resistance zones, as bottom in support buy zones are good purchases with a target for a next pullback in the daily.
The buying power of bitcoin is very low, considering that there has been a 50% drop from this historic top, so the chances of bitcoin continuing to fall into the next support zones are relevant.
I continue to buy with only 10% of the capital available for trade, my purchase as previously mentioned was in the region of 35k. I have open orders in the region of 30k and 27k, each with 10% too.
The buying power of bitcoin is very low, considering that there has been a 50% drop from this historic top, so the chances of bitcoin continuing to fall into the next support zones are relevant.
I continue to buy with only 10% of the capital available for trade, my purchase as previously mentioned was in the region of 35k. I have open orders in the region of 30k and 27k, each with 10% too.
Comment:
I'm keep open buy orders at 29.8k, 28.4k and 26.2k. 10% of my trade capital each order.
Telegram group: t.me/heavensignals
Now I am 100% bear.