BTC to the ew ATHs from here??
Updated
So BTC had a massive correction from the AThs till 60779.88, then from this price we seen a price rejecting from dropping further, this then meant that our extended WXY correction was complete, off which from this price i was expecting a bullish move with my initial entry at 63k,
Then Price rejected going below 63K which confirmed to me that now the correction is indeed complete and now we going up only, off which BTC went up and broke above 65k where if BTC fails to drop below then Im expecting it to continue going up from here, and this is a good price for my 2nd long position which should see us back to the AThs. keep it in mind that below 65k is only liquidity for long orders, so selling is not advisable at all. But otherwise if we drop below this price then expect BTC around 60 to 59K.
With BTC failing to break below 65k, up only. and remember to set your SL according,
The advisable price for a SL is at 63560.00.
Remember as always that this is NFA and trade safu.
Then Price rejected going below 63K which confirmed to me that now the correction is indeed complete and now we going up only, off which BTC went up and broke above 65k where if BTC fails to drop below then Im expecting it to continue going up from here, and this is a good price for my 2nd long position which should see us back to the AThs. keep it in mind that below 65k is only liquidity for long orders, so selling is not advisable at all. But otherwise if we drop below this price then expect BTC around 60 to 59K.
With BTC failing to break below 65k, up only. and remember to set your SL according,
The advisable price for a SL is at 63560.00.
Remember as always that this is NFA and trade safu.
Note
For confirmation, wait for this hourly candle to close above 65K and then the following hourly candle should try going below this price and if it rejects then thats the confirmation for going long.Trade active
Note
Back at my initial Entry, the other position hit SL, so lets see what gonna happen next, then imma update.
Related publications
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.