Bitcoin Entry Levels

The price broke 5000.00 strong resistance level . We could buy above 5050.00 based on a breakout signal. If you missed such trading opportunity, let's think about new possible entry levels. Now we can see that MACD lines and DMI confirm upward movement. But MACD histogram and RSI are going to reverse and it's a signal of possible price reversal with further retracement. How should we trade? First of all, there is a variant that the market can continue upward movement. In order to catch such price movement, it's possible to place pending orders for buy above the local high at 5450 level. But this is a high risky trade because 5500.00 level can stop and reverse the market. If you decide to use this signal and level for buying, you must invest only small part of your deposit. Buying at 5450.00 you must understabd that this entry level is too far from optimal levels for opening long trades. That's why we also should wait for retracement and buy from support lines or levels. Now the most reliable levels for buying are at the support zone formed by 5000.00 and 4900.00 support levels and SMA20. If price dropes to this zone, we'll buy based on reversal signals. If the market breaks this support zone and moves lower, we'll also have to be ready open new long trades but on lower levels. In such way SMA50 will be a good support line. Buying from SMA50 should be based on confirmed reversal signals. Don't forget that money management plays a very important role. Don't invest all your money in one trade and a market.
Bình luận: After posting this trading idea Bitcoin made a good jump to 5900.00 level. There is a reasonable question, what to do now? There are several variants. You can hold Bitcoin now and close the part of trade volume near 6000.00 level. You can hold and wait for reaching higher targets at 6500.00 and 7000.00 levels. You can close a part of volume now and wait for a possible retracement to 5000.00 level. The main things I would like to pay attention. Bitcoin has great potential for further upward movement to 7000.00, 10,000.00 level and even higher. It means you always must be in this market. The market moves in the strong uptrend, up and down, it means that you have to fix a part of profit when the market reaches possible reversal zones (mainly round numbers) and open new long positions in dips. This is a profitable trading plan for this market based on trend market conditions.
Crypto Premium Signals and Education: https://goo.gl/g3E3L9

The 1st cryptoexchange with a hybrid architecture: https://goo.gl/kNV6HT
Buy and Sell 20 most popular cryptocurrency: https://goo.gl/sybc5t

Recommended Forex Broker: https://goo.gl/dsiQN8
Thank you! As always, your insight is very helpful!
Phản hồi
What has higher probability... BTC coming down to 5000 or crossing 6000... Currently it's hovering around 5500
Phản hồi
do you see a retracement first before it reaches 7000 or 10,000 level? thanks
Phản hồi
DLavrov TOP monolith_seeker
@monolith_seeker, I think it should be, it's logical. But when? It will depend on the crowd.
Phản hồi
Thanks for your analysis. Any idea which levels we should aim to re-enter and open new long positions?
Phản hồi
Thank you Dmitriy for the great job as always. I am new to the cryptocurrency space, and have always gone long on trading, but very much admire your analysis. I would get you a bottle of champagne if I could meet you.
Phản hồi
DLavrov TOP Kasra653
@Kasra653, thanks )
Phản hồi
I shared an idea tells bullish have a look
Phản hồi
thank you you are great
Phản hồi
First time I think DLavrov not know what Bitcoin doooo next ))
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng biểu đồ Điều khoản sử dụng Người điều hành Giải pháp Website & Môi giới Widgets Thư viện biểu đồ chứng khoán Yêu cầu tính năng Blog & Tin tức Hỏi đáp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh hồ sơ Tài khoản và Tính phí Tickets Hỗ trợ của tôi Liên hệ hỗ trợ Các ý tưởng đã xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất