BitcoinLong
BTC/USD 6 Reasons to Feel Optimistic on a Sunny Day.
People always say - "Trade What You See, Not What You Think."
What do we see in Bitcoin Weekly chart ?
An important characteristic of support and resistance levels is that they can change their roles once broken.
A broken support level becomes resistance in the future, while a broken resistance level becomes support in the future.
Bitcoin has two broken Fibonacci Clusters , which are potential support levels.
50 EMA will be potential support.
Ichimoku Cloud will be potential support.
Potential Channel will be support.
50% retracemet (around $ 8500), and 61,8% ( around $7300 ) are potential Fibonacci support levels.
Ranibow indicator is green , but it will change to Light green, and that is the best place to buy correction.
What else do I need to be Bullish on a Sunny Day?
( Important : This is not a trading advice. )
What do we see in Bitcoin Weekly chart ?
An important characteristic of support and resistance levels is that they can change their roles once broken.
A broken support level becomes resistance in the future, while a broken resistance level becomes support in the future.
Bitcoin has two broken Fibonacci Clusters , which are potential support levels.
50 EMA will be potential support.
Ichimoku Cloud will be potential support.
Potential Channel will be support.
50% retracemet (around $ 8500), and 61,8% ( around $7300 ) are potential Fibonacci support levels.
Ranibow indicator is green , but it will change to Light green, and that is the best place to buy correction.
What else do I need to be Bullish on a Sunny Day?
( Important : This is not a trading advice. )
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