Bitcoin managed to make its investors smile with its important attacks in the past weeks and made an increase to the level of 8500 dollars.
When we look at the HMA 100 indicator, we see that the price is below this level. Most investors consider buying after the price goes above this value.
Put a Stop Loss Order on Your Investments
If Bitcoin you stop your investment If you did not enter a -loss order, it means that you have lost $500 in a single candle when looking at the 4-hour chart. Although many people think that the price will bounce from the $ 7200 level, things may not always be as expected in the crypto money market. In order not to incur serious losses, you must place a stop-loss order while making your investments.
Most investors expect the price to increase a little more and make a jump in order to exit these levels. Otherwise, a possible sale at these levels means a serious loss for those who buy at $ 8000.
For now, the biggest support level seems to be $ 6800. According to the analysis, Bitcoin price is expected to decline to $ 6800 levels. Since there is a strong resistance at $ 6800, it is not expected to drop below this level, but it is still useful to enter a stop loss below $ 6800. Because a possible drop below 6800 can bring a decrease to the level of 5700 dollars.
*It is not investment advice. Bitcoinsistemi.com or the author is not responsible for any possible damage.