Bitcoin Trading Ideas today.
The price movement on Bitcoin seems to be starting to move
up when viewed from the daily chart price movement, in the concept of the
moving average the current condition is still in a bullish trend, this can be a
reference for buying trade options in the future by targeting the resistance
target area, while the buy reference is still being taken by paying attention
to the price area that is still being held by the moving average as a dynamic
support area for now.
Here the buy position can be started from the current price
at the range at level 231009.00 by targeting a price increase to the resistance
area which is quite far later, so this trade can be called a long-term trade,
this is because it is in accordance with the time frame that we use, in the
range of the area resistance at the level of 300000.00 is the price
psychological area for now.
Meanwhile, for trading risk limits, I will take the cut loss
area of the position if the price moves to break down the dynamic support
area formed from the moving average. So for now, just focus on taking the buy
option, because the price movement is still in the process of an initial
increase, hopefully it will provide a trading advantage today.
Disclaimer :
Trading forex trading is very risky, the analysis above is
from my personal point of view, for trading reference material, the final
decision all depends on the respective trader.