Hi Steemians,
As everybody were expecting a correction, there came a correction which made low near $11200 price level. Then after anticipating the bottom, i Just bought bitcoin yesterday near 13200 levels and today added few more quantity near 1400 levels.
There are many reasons to buy the bitcoin now than buying the bitcoin after it moved up. As a Technical Analyst, I follow dow theory as trend trading prinicple and also i used to apply Rsi Range shift Principles on them along with some Fibonacci tools with Horizontal demand and supply zones.
Here if you can see the bitcoin price chart, then you may notice that it has made higher highs and higher lows and it is in strong uptrend from past few years and now this correction has tested the previous swing low and it has sustained with strong volume rejection candle showing that it has demand on the previous swing low points and that directly means it's the right place and time to buy the bitcoin.
Follow me for more future updates here=> https://steemit.com/@experttrader91
stay connect with me for new insights on crypto trading.
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Bye & Take Care
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