LONG Bitcoin Buy Signal
The price bounced from the support zone formed by the uptrend line and 4000.00-3900.00 support levels. RSI and a bullish divergence confirmed price reversal. It's time to buy. The local swing high will be a good level for placing pending orders. If the market passes 4200.00 level, it will be an additional confirmation of further upward movement. Stop orders must be placed below 3900.00 support level. Profit target should be at 4500.00 resistance level.
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Excellent information here sir :) We should do a collaboration- I do daily Bitcoin price forecasting and I could really use an experienced trader's advice such as yourself. Bitcoin support around 4K is definitely a good sign but I'm concerned about the hash power that is switching over to mine BCH rather than BTC. It is now 100%+ more profitable to mine BCH now!