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If we break $9,000 - I can see a volatile move towards $7,200 which is the %61.8 fibonacci retracement level.
It is probably your best interest to wait for the Daily Candle closed. I will make sure to update tomorrow's daily trend here as well SO
SMASH THAT LIKE BUTTON TO GET NOTIFIED WHEN I DO
Thanks for the support Megalodons.
I appreciate you all!
Let me know what you think about Bitcoin :) and don't forget to drop a COMMENT if you enjoyed the video.
~Bo
Megalodon Trading
Enlightening the modern investors
- As you might know, we had short position as entry at $10,900.
- We are moving out stop to trailing at $10,540
- Our first target is sitting at $9,900, second target is around $9,000. Final target is at $7,200.
- Potential reversal zone for buyers is sitting between $10,000 and $9,000.
- Potential reversal zone for sellers is sitting between $11,133 and $10,752
If we break $9,000 - I can see a volatile move towards $7,200 which is the %61.8 fibonacci retracement level.
It is probably your best interest to wait for the Daily Candle closed. I will make sure to update tomorrow's daily trend here as well SO
SMASH THAT LIKE BUTTON TO GET NOTIFIED WHEN I DO
Thanks for the support Megalodons.
I appreciate you all!
Let me know what you think about Bitcoin :) and don't forget to drop a COMMENT if you enjoyed the video.
~Bo
Megalodon Trading
Enlightening the modern investors
Note
Trend Caller Closed with a Bullish Signal for today's bar!Note
If the 4 hour chart closes like this, this M formation will be confirmed. The next target would be below 9k levels for the Bears.
I think it would be in everybody's best interest to let this play out.
Note
We are taking profits around $10,130 level (2.53%), and also moving our stops to our initial entry at $9,878! If we can break above $10,155, the swing trade will be on with final target at 10,412 and stops around $10,042.Note
Bull and Bear scenarios are explained here...Note
Note
Can we break the latest trendline? 
Telegram Here t.me/bugrasukas
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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.
Telegram Here t.me/bugrasukas
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.