This was nothing more than a simple, and healthy .618 fib retrace. It also snapped up a POC going back to Oct 25th. If you pull the fib back to the real last low, 8530 is still on the table. If it breaks down below that, ok... yeah, maybe then the sky is falling. But this looks like a good buy to me, and that's exactly what I did. I have another buy in at that 8550ish level just in case I need to hedge, but I am bullish right now on BTC.
Again, if it breaks down below 8500, BTC might be in trouble. Risk management always #1. But until if/when that occurs I am full bull on BTC right now.
Again, if it breaks down below 8500, BTC might be in trouble. Risk management always #1. But until if/when that occurs I am full bull on BTC right now.
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At emcs.store, we offer our services in custom Pinescript development for Tradingview.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
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.