Exactly with last week’s analysis, the Bitcoin price has entered a sideways zone and is approaching the important resistance convergence zone around 7100.
When the price trend touch that crucial threshold, we need to answer 4 questions:
Question 1: Has the price trend reached the important zone yet?
Question 2: Are there any signs of reversal?
Question 3: Has the confirmation system supported the reversal?
Question 4: If there is a reversal, what decision will you make? (Enter the market or not? How much volume?)
When you can answer all 4 questions above, you can be completely confident that your investment strategies will generate wonderful profit. Additionally, answering these 4 questions also helps you establish a good habit to manage yourself and risks better.
Wishing all investors smart and effective investment strategies!. And stay tuned for the next Bitcoin price update.
By. Pham Thanh Bien
