Trade Recommendation: Bitcoin
Bitcoin has been held up by the support formed at 13000 level. Indicators are starting to look bullish so it appears to be time to buy. But lets be honest. It's always a good time to buy Bitcoin. The information below is from Hacked.com.
Source
Published 7 hours ago on January 14, 2018
The trading idea is based on a price reversal from the strong support zone. It’s a new attempt to open a long position not far from the possible bottom. RSI confirmed price reversal. MACD histogram supports possible upward movement. DMI allows opening long trades. Entry level should be at 13510.00 with stop orders at 12650.00 level. Profit targets are at 14510.00 and 16000.00 levels. The part of trade volume must be left for long run. Please, note, the market is not stable now and it still has potential for dropping to 10000.00 level. It’s better to use stop-loss orders and proper risk management. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.
Market: BTCUSDT
Buy: 13510.00
Stop: 12650.00
Profit Targets: 14510.00 and 16000.00
The trading signal is based on Poloniex chart.
how do you think about the price of btc earlier this month the price is getting down?
The price is sitting on strong resistance at $13000 it is highly unliky to go down further. Upwards movement is much more likely.