BTC should be on it's way to re-test the blue channel around $7200-7250.
Note
Bingo! Right at the top of the box now, but I reckon it will drop a bit further. Given the timing, entry is likely a bit lower here. $7175~ is the 786 fib, and the purple TL may come into play as well around 7090. Margin buys are warranted against those fib and TL levels, and light accumulation for longer term. However I am not convinced this is our bottom right now, we will have to wait and see. We should get a nice bounce from these levels however.Trade closed: target reached
We hit the .786 fib at $7175, trade closed.
White Lake Investment
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White Lake Investment
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.