BTCUSD-Back in the middle yellow log curve growth
-Move from $28800 to $64895 50% is hit $46847
-61.8% retracement is $42588 just got hit
Bias:
-short term: bearish - Price target: between $34,000
-long term: bullish - price target: $110,000
BAD:
-dowtrend daily lower high lower low
-weekly 20ma crossed downwards
-daily rsi downwards
-daily macd downwards
Good:
-61.8% probable support $42588 is touched
-supports at $40650, $37750, $34000
-btfd on supports
-I will probably wait for daily oversold and buy for a bounce to downtrend line
Thanks for reading!
Trade closed: target reached
target way over reached to 28kwill watch what happens now. Looks like some buyers here as long wick indicates
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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.