BitcoinLong
30,900 PT. Keep it simple.
Taking the wicks out of the equation you can see we punched through the 1.618 fib extension. Unless regulatory noise/FUD are used to liquidate longs (possibility very real) I dont see a reasonable pull back until 30k. A 30-40% drop would be healthy after this is hit as MAs are so far below on a weekly timeframe.
Keep your eye on a pull back to the MA20 on the weekly as huge level of support historically.
Reaccumulation zone around 17-22k. Then the trip to 70k begins.
Happy trading yall.
Keep your eye on a pull back to the MA20 on the weekly as huge level of support historically.
Reaccumulation zone around 17-22k. Then the trip to 70k begins.
Happy trading yall.
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.