{"id":509828,"date":"2022-11-21T16:49:35","date_gmt":"2022-11-21T05:49:35","guid":{"rendered":"https:\/\/www.gomarkets.com\/?p=509828"},"modified":"2022-11-21T16:49:35","modified_gmt":"2022-11-21T05:49:35","slug":"short-term-buying-opportunity-on-bitcoin","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/cryptocurrency-trading\/short-term-buying-opportunity-on-bitcoin\/","title":{"rendered":"Short-term buying opportunity on Bitcoin"},"content":{"rendered":"<p>Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. A long opportunity has been brought about after price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry. The trigger for the entry is not just the fact that price has bounced off the support zone but is also the strong bullish candle stick at the support level.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-398443\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2022\/11\/InkedBTCUSD_2022-11-21_16-41-44.jpg\" alt=\"\" width=\"1787\" height=\"909\" \/><\/p>\n<p>The selling was absorbed at the support zone by the buyers and could not close below the wicks of either candle as seen by the length of the wicks. Furthermore, the above average volume for these candles indicated that the selling was exhausted and that the buyers were willing to take on the supply. For this bounce to continue, a strong green candle that closes above the opening price of most recent red candlestick will hopefully support the breakout at $16,204. As seen on the chart, an obvious target is the $17,000 level which is the top of the recent price range.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. A long opportunity has been brought about after price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry. The trigger for the entry is not just the [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":482066,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4424],"tags":[],"class_list":["post-509828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-trading"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Short-term buying opportunity on Bitcoin - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/cryptocurrency-trading\/short-term-buying-opportunity-on-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Short-term buying opportunity on Bitcoin - Wixad\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. 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A long opportunity has been brought about after price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry. The trigger for the entry is not just the ","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/zoom-tops-q3-estimates\/","type":"next","category":"shares-and-indices"},"previous":{"id":509739,"slug":"jd-com-beats-expectations","title":"JD.com beats expectations","date":"2022-11-19 01:34:44","excerpt":"Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. A long opportunity has been brought about after price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry. The trigger for the entry is not just the ","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/jd-com-beats-expectations\/","type":"previous","category":"shares-and-indices"},"category":{"slug":"cryptocurrency-trading"},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/509828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=509828"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/509828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media\/482066"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=509828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=509828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=509828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}