BTC trade idea is based on current bullish divergence on the 1D chart.
Price movement downwards has clearly decelerated and when can expect a retest of the 0.618 long term fibonacci and 8.2k a previous support. Without volume a break-out above those levels has very probability.
A reminder that a reversal does not mean going back to 13k in one night. Even in crypto charts take time to develop.
All the best from the crypto space.
twitter.com/alteroc_trading
Price movement downwards has clearly decelerated and when can expect a retest of the 0.618 long term fibonacci and 8.2k a previous support. Without volume a break-out above those levels has very probability.
A reminder that a reversal does not mean going back to 13k in one night. Even in crypto charts take time to develop.
All the best from the crypto space.
twitter.com/alteroc_trading
Trade closed manually
Trade hit stop loss
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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.