With all my efforts i am back here to post a chart to you people, and as i love to trade in cryptos, so here is an idea for you, for the moment!
As we say or as I say, Chart repeat its pattern and hence the same is likely going to happen here as well. As long as i have been looking onto BTC, they respect moving averages a lot, more than anything. As the lines are drawn and an abbreviation is done on that part where the market took a resistance on the 200SMA and bounced back. A similar incidence is yet to happen here but with a small twist. Usually hammers after a big downtrend is respected. A buys from the current level of $26641 is much to a good buy with stops of $25729. $28436 can be achieved easily and there the precedence of 0.382 Fibo retracement is also done.
Wishing you people good luck!
As we say or as I say, Chart repeat its pattern and hence the same is likely going to happen here as well. As long as i have been looking onto BTC, they respect moving averages a lot, more than anything. As the lines are drawn and an abbreviation is done on that part where the market took a resistance on the 200SMA and bounced back. A similar incidence is yet to happen here but with a small twist. Usually hammers after a big downtrend is respected. A buys from the current level of $26641 is much to a good buy with stops of $25729. $28436 can be achieved easily and there the precedence of 0.382 Fibo retracement is also done.
Wishing you people good luck!