DLavrov
Mua

Bitcoin How to Trade

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The price dropped to a possible reversal zone. This zone if formed by 0.382 Fib level, the uptrend line and SMA100. We should be ready to see a price reversal with further upward movement to 20000.00 resistance level . There are at least 2 reasons to think that the price can bounce from this zone. The zone is strong and RSI is in the oversold zone. Long positions should be opened only based on a confirmed reversal signal.

Alternative variant: the price breaks this zone and falls lower. MACD and DMI confirms further downward movement. The 1st support zone was tested by the market in the previous month. Now it also can be considered as the possible reversal zone. If the price breaks it too, the 2nd support zone will be a target for downward movement. Long positions should be opened from these support zones also based on confirmed reversal signals.
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Love the ideas. Please keep em coming, DLavrov!

It seems strange that cypto exchanges suspend user registration due to high demand, and on the inside the price keeps going down.
Any thoughts on this anyone?
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Looks like a possible reversal at the 0.382 fib, which is one of the outcomes you called @DLavrov
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Dear Dmitry,
What do you think about my analysis of the chart? Here you go:
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Woolhead luz3rrul3z
@luz3rrul3z, Your trend lines are way too steep. They're most definitely going to be broken. They have to be realistic to get the most prediction value out of it.
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zYch0 Woolhead
@Woolhead, Luz, you need to use way more instruments, you can never rely on a "visual" up- or downward trend. If you want the people to understand your idea you will have to show the instumets or describe them . Good luck ;)
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I see it going down to 13250 and 12750
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Eljsk Sandman100
@Sandman100, Down it is!!
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BTC falling!!
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