BTCUSD / A thing or two that we would do
Hello again,
After having some break from posting as our analysis went on as we wanted it to, we are back with one more longer term setup.
At the moment we see BTC going down one more time below 6k mark, to retest one VERY important zone along with 76.8% Fibb retracement of last year's pump. We entered short position couple of days ago and it's going well so far, we even have SL on breakeven in case BTC decides to push higher towards 10k. Anyhow, weekly close for THIS week will be extremely important indicator of what's going to happen in following weeks, if bears manage to push it down we will have a strong indicator that this analysis will follow our prediction.
So what we would do ideally is wait BTC to drop one more time towards mid 5k area (anywhere between $5.8 and $5.4) and then get into LONG position with no real TP set. With halving coming soon we expect breaking ATH this year and possibly continue north of 30k, but we'll have to wait for it.
After having some break from posting as our analysis went on as we wanted it to, we are back with one more longer term setup.
At the moment we see BTC going down one more time below 6k mark, to retest one VERY important zone along with 76.8% Fibb retracement of last year's pump. We entered short position couple of days ago and it's going well so far, we even have SL on breakeven in case BTC decides to push higher towards 10k. Anyhow, weekly close for THIS week will be extremely important indicator of what's going to happen in following weeks, if bears manage to push it down we will have a strong indicator that this analysis will follow our prediction.
So what we would do ideally is wait BTC to drop one more time towards mid 5k area (anywhere between $5.8 and $5.4) and then get into LONG position with no real TP set. With halving coming soon we expect breaking ATH this year and possibly continue north of 30k, but we'll have to wait for it.
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