POLONIEX:BTCUSDT   Bitcoin / Tether USD
The market falls and it opens for us new trading opportunities. It's great! And we have to spot the possible reversal levels for buying. But before it, let's look at the indicators for getting more information about price action. MACD confirms down movement. ADX line is going to move above 20 and it will be a confirmation of strong down movement. RSI falls to the oversold zone and it shows that the market will be ready for up movement soon. Based on the signals from indicators, we can say that price can reach 2000.00 support level and bounces from it. Also the market will have potential for up movement to 2600.00 level at least. How to trade? If price bounces from 2000.00 support level and RSI with MACD histogram confirm price reversal, we'll be able to open long trades with stop orders below 2000.00 level. Also, you should note that 2000.00 is the key level now. We have to watch for price action near this level. If price breaks the key level, probably we'll see down movement to 1800.00 level. But you should not worry, the market will be still bullish . Your buy trades above 2000.00 level will be able to give you profit in long term.
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thanks for advice . are there any updates regarding btc analysis OR THE LANDING CONTINUEs
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The main support level on the charts is 2200 and it's 2000 in the description. Is it a mistake?
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Agreed - thanks DLavrov!
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Thanks for your TA. Always on spot. Can you share your view on XRP?
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Like your work. Are you dollar cost averaging from the 2500 (per your buy rec 2 or 3 days ago), or did you sell that position? Thanks in advance.
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New to this site, How does it work?
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is that crypto market cap broke trend line have any sense or TA does not work on it?
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Looks like reversal already on shorter time frames. Think this was just a small panic dip from crossing below the support line?
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Thanks a lot)
By which timeframe should we get confirmation of reversal about you said? Thanks.
And should we expect reversal at 2200 support line?
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DLavrov rahimka
@rahimka, I trade based on 4H and daily charts. So, firstly I will get reversal signal on the 4H timeframe. But these long trades won't be supported by higher time frame. When the market reverses on the daily tiemframe, it will be a good signal for possible up movement.
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