Long
Where is BTC headed following the latest pump? (Part 2)
As you will see, as of now, we bounced back from the first pullback and we are now on track to (hopefully) achieve TP2 ($23,512) and eventually TP3 ($23,952).
Nevertheless, the latest move down to $22,595 (and consequent reversal) has unfolded further key support and resistance zones within the original fibonacci retracement.
The good news is that Bitcoin price has already retraced to the fibonacci gold zone and now is in uptrend, suggesting further target prices for those of you that haven't had a chance to enter this long yet.
Further trades within a shorter time frame (perhaps 5m)
Fibonacci gold zone: between $22,950 and $22,858
Enter around $23,042
TP 1= $23,340
TP 2= $23,512
TP 3= $23,637
TP 4= $23,821
TP 5= $23,951
SL= $22,561
Nevertheless, the latest move down to $22,595 (and consequent reversal) has unfolded further key support and resistance zones within the original fibonacci retracement.
The good news is that Bitcoin price has already retraced to the fibonacci gold zone and now is in uptrend, suggesting further target prices for those of you that haven't had a chance to enter this long yet.
Further trades within a shorter time frame (perhaps 5m)
Fibonacci gold zone: between $22,950 and $22,858
Enter around $23,042
TP 1= $23,340
TP 2= $23,512
TP 3= $23,637
TP 4= $23,821
TP 5= $23,951
SL= $22,561
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.