My own screenshot

Bitcoin: Pump or Dump?


When the market is forming correction, it is difficult to enter a position in trading. During this time almost all of the Traders do their own analysis and waiting for the right time to enter again, however, there are many traders who make a profit during correction according to their own strategies. Let's look at the Bitcoin and retrace our Symmetrical triangle to look where will it go when this correction will be done. I put down the chart image to identify the market trend. In the lesson, we have learned before about the Range and when it breaks out the support level it will go down but if it will break out the resistance level then it will probably move up. So, let's see and wait for the movement. 

Bitcoin's actual price is 34700 around, The Stochastic RSI pushes it up when we look at it at a 4h timeframe. It is an impulses trend to go up. MACD altogether crosses in the OVERSOLD zone that allows me to make a profit from buying.

 

Final word: To conclude, If Bitcoin's support zone 30000 breaks out Bitcoin will go down to 21000, which I am not sure about. If it will break out the resistance level 36400, so it will bounce back up to 41000, and why not to go further to the moon 45k, 50k.

Remember: you are the only one who knows your budget to invest in your trading. I am not a financial advisor but just give an idea that may help you to make a decision. Trading is risk management. Be wise everyone.

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Fety Bernard Etienne(fetinafety)
Fety Bernard Etienne(fetinafety)

I am a crypto enthusiast, and trader, an investor in many various platforms, and protocol of blockchain around the world. I love talking about Cryptocurrency.


Crypto Bajaj
Crypto Bajaj

---CONSULTANT--- CRYPTOCURRENCY & BLOCKCHAIN: Investment Coaching, Account Management, Exchange. 6+ YEARS OF EXPERIENCE.

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