Bitcoin – A small analysis

I was closely looking at bitcoin price movements and i found out that price is moving horizontally from past few days as you can see in the chart above

This rectangle formation can easily tell us entry and exit points and we can make easy money in few days of time

Rectangle is a situation where price moves horizontally and , when u compare the volume u will see high volumes at support levels

BTC

 

1st  trade 22-Nov-2017

we could buy @7933 level  at the first RED circle and sell @ 8303 at first GREEN circle

Profit = $ 350

2nd trade 24-Nov-2017

we could buy @7875 level  at the second RED circle and sell @ 8337 at second GREEN circle

Profit = $ 462

In a span of 3 days you can end up earning $350 + $462 = $812

Price has then moved to a new level now and trading at upwards of 8500 level

 

Note : please invest at your own risk

 

I will be writing more about it shortly

Take care

Stay fit

Leave a Reply

Your email address will not be published. Required fields are marked *