5800 important level ! Not buy now

not the time to buy bitcoin

By Momon | Jean Paul chart | 4 Jan 2020


Hello . 

I come to you to share my vision on bitcoin

this week, cryptos are in a pivotal area. a pivot zone is a zone which can activate an increase, or lower prices.

currently this area is giving a bearish signal on bitcoin.

indeed the one hour signal can aim for a return towards the minimum $ 7000.

this $ 7,000 zone is not a support but an acceleration zone. this one could project bitcoin on the $ 5,800 zone which is my medium term intervention zone. this zone of $ 5800 must be working upwards, the best way to position yourself for the purchase will be to wait for an hourly closing above the simple average at 7 periods. this is a medium term point, a point where it is important to make rational accumulation

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Momon
Momon

Économic Yale student


Jean Paul chart
Jean Paul chart

Hello, my name is Jean Paul, originally I invest in stocks and the money market. but in this year 2020, cryptocurrencies arrive on medium-term supports which can save me a lot of money, if we respect an entry methodology.

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