BTC trend is bearish! There is support from MA60 and MA365 below!
BTC fell below MA25 on October 12, turning the signal bearish. Below the line, the trend is bearish; a breakout would turn it bullish. The first support below is MA60. In theory, you can add to your position moderately at the support level, and exit if the price breaks below the line. Operate with half your position.
Also, I’m currently holding a half-position long opened when BTC broke above the MA365 bull-bear dividing line on September 18. Above the line, the trend is bullish; below it, bearish! If a pullback brings the price near MA365, you can also add to your position moderately, and exit if the price breaks below the line. Follow the market with a clear rationale, and trading will no longer feel directionless! Bitcoin #Bitcoin BTC #BTC $BTC
BTC fell below MA25 on October 12, turning the signal bearish. Below the line, the trend is bearish; a breakout would turn it bullish. The first support below is MA60. In theory, you can add to your position moderately at the support level, and exit if the price breaks below the line. Operate with half your position.
Also, I’m currently holding a half-position long opened when BTC broke above the MA365 bull-bear dividing line on September 18. Above the line, the trend is bullish; below it, bearish! If a pullback brings the price near MA365, you can also add to your position moderately, and exit if the price breaks below the line. Follow the market with a clear rationale, and trading will no longer feel directionless! Bitcoin #Bitcoin BTC #BTC $BTC