BTC, How low will she go?
Updated
A textbook shooting star candle, bear trap, and a classic bubble pattern, it's easy to see that BTC is due for a 25% to 50% correction.
The question is where do you put your next buy orders??
Once we go sub 9000 the Floor will drop out so be ready!
With a simple Fib Retrace, we can see a few good places to start placing those buy orders.
Side note, 1300 is still on the table if 5,000 doesn't hold and if your sitting in USD right now then you've made good choices.
Happy trading.
~J
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
Don't crack out on BTC too long and remember to go outside and climb a tree or something.
The question is where do you put your next buy orders??
Once we go sub 9000 the Floor will drop out so be ready!
With a simple Fib Retrace, we can see a few good places to start placing those buy orders.
Side note, 1300 is still on the table if 5,000 doesn't hold and if your sitting in USD right now then you've made good choices.
Happy trading.
~J
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
Don't crack out on BTC too long and remember to go outside and climb a tree or something.
Trade closed manually
Trade closed: target reached
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