Bitcoin's ATR touched the 61.8 fib level and is now in the "golden pocket"
"golden pocket":
It is a favorite zone to enter a high probability retracement after an impulse wave downwards.
It is the 61.8% to 65% zone.
"ATR":
The Average True Range (ATR) is an indicator that measures volatility.
We can know expect a retracement of volatility.
We also can see that in the weekly chart the ATR is going in the same direction as the price. So the expected move is up.
Specific buy & sell positions in our profit scanner (comment)
"golden pocket":
It is a favorite zone to enter a high probability retracement after an impulse wave downwards.
It is the 61.8% to 65% zone.
"ATR":
The Average True Range (ATR) is an indicator that measures volatility.
We can know expect a retracement of volatility.
We also can see that in the weekly chart the ATR is going in the same direction as the price. So the expected move is up.
Specific buy & sell positions in our profit scanner (comment)
Note
Get buy signals with our crypto profit scanner:tiny.cc/Cryptoping
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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.