{"id":13692,"date":"2023-05-17T10:03:27","date_gmt":"2023-05-17T10:03:27","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13692"},"modified":"2023-05-23T10:05:16","modified_gmt":"2023-05-23T10:05:16","slug":"bitcoin-is-approaching-its-bottom-will-you-buy-this","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/05\/17\/bitcoin-is-approaching-its-bottom-will-you-buy-this\/","title":{"rendered":"BITCOIN Is approaching its bottom. Will you buy this?"},"content":{"rendered":"<p>Bitcoin (BTCUSD) is trading again back towards its 1D MA100 (green trend-line) after rebounding on it a few days ago. This is a minor bearish signal on the short-term as the previous hit and pump on the 1D MA100 (March 09) delivered a massive rebound instantly.<\/p>\n<p>The 1D RSI however shows that the bottom is closer than we think, if it&#8217;s Higher Lows trend-line holds once more. The (a-b-c) structure of the current leg is similar to February &#8211; March. Price-wise both where on Megaphone patterns that broke for a short while to the 1D MA100. It remains to be seen if this provides Support again.<\/p>\n<p>The buy confirmation will be a 1D candle close above the 1D MA50 (blue trend-line). If it does, given that the last two rallies where over +50%, we are looking at at least a $38000 target.<\/p>\n<p>So are you buying this pull-back? Feel free to let us know in the comments section below!<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSD\/rhFTOLsK-BITCOIN-Is-approaching-its-bottom-Will-you-buy-this\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/BTCUSD\/rhFTOLsK-BITCOIN-Is-approaching-its-bottom-Will-you-buy-this<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTCUSD) is trading again back towards its 1D MA100 (green trend-line) after rebounding on it a few days ago. This is a minor bearish signal on the short-term as the previous hit and pump on the 1D MA100 (March 09) delivered a massive rebound instantly. The 1D RSI however shows that the bottom is<\/p>\n","protected":false},"author":611,"featured_media":13693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-13692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13692"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13692\/revisions"}],"predecessor-version":[{"id":13695,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13692\/revisions\/13695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13693"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}