[Premium] When to Buy Bitcoin? [SPOT Trading Buy Entries] - 11/06/2021

Hey Spot Traders, I hope you enjoy the 3 days and weekly market update in the All In One Crypto App.With the last update provided by Rumman, I am adding a spotlight on the macro view. As a swing trader, I always look for better entries and hold coins for a few days to months. If you don't know what kind of trader you are, then know it as soon as possible. You can dm me for PDF course content. @digiwhaleAs we can see, Bitcoin has defined downtrend line highlighted by Yellow lines. The dotted line shows the sub-section of channels that day trader or scalpers generally use, but I would take a look at Point A, B and C as a swing trader.Link to ImagePoint A: If Bitcoin breaks the A point with good volume and green candle daily, we can expect the next possible target at $42,500, followed by the $47k. So a good buy area is when there is a breakout from Point A, and we can buy at retest.Point B: In case Bitcoin cannot break the downtrend line and point A resistance. We can see the next level of demand at point B. So scattered buying at Point B would be good but with some risk, so better to put stop loss below $30k. As a trader, do not think how much $$$ I put as Stop Loss or Target. But think as percentages to avoid number games.Point C: This is the long-lasting support where institutions are sitting to buy the bitcoin. A possible trade of $20k is a WICK trade. Now, what the hack is, wick trade? Don't worry. I named it. A trader always keeps an eye on the zone for swing trading and works closely with limit orders. So if the B point breaks, we will place an order at $20k and enjoy the TV, not television, bro... Trading View and wait for the order to get filled with the huge wick.I hope I clear your doubts about when to buy bitcoin in this post. For the other trading signals and analysis, we always welcome you to join our telegram group and ask there.Thank you,Digiwhale

[Premium] When to Buy Bitcoin? [SPOT Trading Buy Entries] - 11/06/2021

[Premium] When to Buy Bitcoin? [SPOT Trading Buy Entries] - 11/06/2021

Login

Related Articles from Our Blog