BTC has support from MA60 and MA365 below!
BTC fell below MA25 on October 12, turning the signal bearish. Below the line, the outlook is bearish; a breakout would turn it bullish. The first support below is MA60. In theory, you can add to your position near the support level, but exit if the price breaks below the line.
Also, I currently hold a half-size long position opened when BTC broke above the MA365 bull-bear dividing line on September 18. Above the line, the outlook is bullish; below it, bearish! If a pullback brings the price near MA365, you can also add to your position, but exit if it breaks below the line. This approach is grounded in evidence and follows the market, so trading no longer feels directionless! Bitcoin #Bitcoin BTC #BTC $BTC
BTC fell below MA25 on October 12, turning the signal bearish. Below the line, the outlook is bearish; a breakout would turn it bullish. The first support below is MA60. In theory, you can add to your position near the support level, but exit if the price breaks below the line.
Also, I currently hold a half-size long position opened when BTC broke above the MA365 bull-bear dividing line on September 18. Above the line, the outlook is bullish; below it, bearish! If a pullback brings the price near MA365, you can also add to your position, but exit if it breaks below the line. This approach is grounded in evidence and follows the market, so trading no longer feels directionless! Bitcoin #Bitcoin BTC #BTC $BTC