With technical analysis using the BBMA technique on the daily time frame for BITCOIN, the trend is bullish bias. With the formation of a bullish candlestick traded above the middle bands of the Bollinger bands and the EMA 50 with the BBMA technique BITCOIN is still valid with bullish strengthening. And supported by the stochastic oscillator crossing the upward direction , the bullish potential for BITCOIN buyers is expected to break the psychological resistance at the price of 62500.00, and the bullish strengthening of today's trade on a lower time frame, the buyer produces a bullish candlestick break out at the resistance at 62500.00, triggering the buyers in the near future to test the resistance at the price of 65000.00.
And to be able to follow the growth in demand to buy BITCOIN with the BBMA technique, we can take advantage of the h1 time frame. And for now on the h1 time frame the buyer has produced a bullish momentum/CSM candlestick, and every time there is a momentum/CSm candlestick there is a retest candlestick and also a rebound candlestick. -entry. If BITCOIN weakens on the h1 time frame, seller rejection is at 5/10 MA and a bullish engulfing candlestick breaks out at 59375.00 resistance, it is estimated that tonight BITCOIN will be bullish.
But if the potential weakening that occurs tonight on the h1 time frame actually produces a bears candlestick with a strong direction/CKS, or a bears momentum/CSM candlestick breaks out at the support 57500.00, the scenario of the plan for buying re-entry trades can be postponed. Due to the formation of momentum bears candlesticks /CSM break out at support at 57500.00 triggers a weakening of BITCOIN sellers open to test psychological support at 56250.00.
So the conclusion with the BBMA technique based on the daily bullish time frame:
Buy trade re-entry opportunity if seller rejection at MA 5/10 is low for profit target at resistance at 59375.00 and stop loss at 57812.00.
Next buy trade re-entry opportunity, if today in the h1 time frame BITCOIN is traded above the price of 59375.00, for profit targets at the price of 62500.00 and for stop loss at the price of 58593.00.
Sell trade re-entry opportunity, if today on the h1 time frame BITCOIN is traded below the price of 57500.00, for profit targets at support 56250.00 and for stop loss at 58593.00.
From the description of the technical analysis, it is hoped that trading activities on BITCOIN today can be more focused and controlled. Because we do re-entry trades according to the trading plan, at BITCOIN we can also generate better profits from forex trading. from a friend of the forum providing technical input on market analysis related to BITCOIN trading. Because with the support of your technical market analysis, I can follow BITCOIN price growth and can generate trade re-entry setups that can generate optimal profits.