BTC - RISK/REWARD 1:11 - BULL SCENARIO
Updated
Bitcoin might be giving us a good entry for upper continuation of this bull market :
1. RSI entering in oversold area
2. STOCHASTIC showing reversal
3. Important FIBONACCI level
The support line that we formed is still not properly tested, but if bulls manage to keep this might become a long-term Support and we might see the 5th leg up.
Will keep this updated!
1. RSI entering in oversold area
2. STOCHASTIC showing reversal
3. Important FIBONACCI level
The support line that we formed is still not properly tested, but if bulls manage to keep this might become a long-term Support and we might see the 5th leg up.
Will keep this updated!
Comment
Entered a position with 50% at 53,500$ , SL below 52,000 possible reversal at lower timeframes but no signs at daily.Comment
We've managed to test out the 78.60% FIBO level, however we still don't have a clear indication that this leg has been finished. Closing above 200 DEMA might be an indication of upside reversal, fully retaking 78.60% level.
If BTC reverses it might print out a Golden Cross on the daily, which is usually followed by a bull market.
Comment
Entering 52,100 SL below 50,000Comment
SL hit, looking for better support to enter
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