Looks like we are getting long-awaited retracement on Bitcoin...I will be very happy to add to my position at around
36K to $36.5K, a good confluence zone based on SR flip and FIB ratio.
I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.
If I get my positions filled at
36K, I will be looking to sell at
48K to $50K, which is a good 35% move.
So don't hesitate to buy on support, maintain your risk and create an appropriate position size.
Hope this helps!
Happy trading!
I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.
If I get my positions filled at
So don't hesitate to buy on support, maintain your risk and create an appropriate position size.
Hope this helps!
Happy trading!
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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.