Catching falling knives is a very tricky trading strategy. Nonetheless, if one can see a combination of factors such as the ones explained in this video, interesting buying opportunities can present themselves.
We take a look at previous bitcoin price action to find the best times to buy bitcoin based on a range of technical indicators.
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Timestamps ⏰
0:00 Intro
1:38 200 Weekly Moving Average
4:54 Weekly Oversold RSI
7:24 Spike in Bullish Volume
11:16 S/R Flip
12:46 RSI Bullish Divergence
16:50 Hard to catch the bottom
Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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