Day 3, and BTC has dumped around $2,500. We’re in deep with our short from $68,200, and it's paying off.
Let's break it down with some cold, hard analysis. Fibonacci retracement, baby. This tool is our crystal ball. From the previous swing high, the 68-69k zone was the perfect entry point, and we nailed it. BTC came back to test that level, and now it's heading south, just as predicted.
When do we exit? We’re eyeing that 57k target. The Fibonacci levels are guiding us. We’re in the zone where the retracement indicates a significant pullback. Keep a close watch as we approach these levels, adjust your strategy if needed, but the plan remains solid.
Remember, we’re not just playing the game; we’re mastering it. Stay ruthless, stay relentless, and watch as the market bends to your will.
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.