BitcoinLong
BTC Potential IHS
Bitcoin has lost a lot of momentum in his move down. If we don't see a retest of the resistance soon, we will see a move up! This would verify the IHS, the IHS-target would be ~6800$. Reaching this price level would mean a breakout of the local downtrend.
I am opening a long here, looking to take profits at every individual fib retracement. The 0.382 is my main target here.
My stop-loss is right below the resistance at ~ 5950$
I am opening a long here, looking to take profits at every individual fib retracement. The 0.382 is my main target here.
My stop-loss is right below the resistance at ~ 5950$
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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.