cryptoGats

Bitcoin Daily is the one to watch

BINANCE:BTCUSDT   Bitcoin / TetherUS
Technical analysis can be confusing but it's a simple matter of when to put your money in and when to take it out. When to put it in? when it finds support and it stays above it. When to take it out? When it hits resistance. The concept is simple, the problem is fear and greed. Jumping right into it, on the 1 Day timeframe BTC has found support on the 50-day moving average (yellow line). Since mid-July it fell bellow and has not been able to recover (close decisively above the yellow line). The only way you should put your money back in is if you see BTC clear this hurdle. Trading is all about someone else trying to take your money if you see a spike up but it does not clear resistance that means someone is trying to take your money. Get used to following a safe path;put your money in when it's safe, take your money out when it is not. Follow me on twitter and ask me one on one questions about Technical Analisys. @Cryptogato1

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