Bitcoin: Trade Opportunities between SMA50 and 10 000$
The price is testing SMA50 as a possible support line. It is the same zone where SMA200 is supporting the price in the 1H chart. If the price can stay above 10 250$, we should be ready to see an upward movement toward SMA200. It is the zone between 11 000 - 11 250$.
The price reversal from SMA50 will be able to give a buy signal with stop orders below the local swing low and the profit target at SMA200. If the price breaks SMA50, it will be a bearish signal. The price will try to move back to 10 000$ support zone. The price reversal from 10 000$ will give another buying opportunity.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price reversal from SMA50 will be able to give a buy signal with stop orders below the local swing low and the profit target at SMA200. If the price breaks SMA50, it will be a bearish signal. The price will try to move back to 10 000$ support zone. The price reversal from 10 000$ will give another buying opportunity.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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