***Welcome to daily Bitcoin analysis***
After 3 daily green candles, we had anticipated a retracement to 0.5/0.38 FIB level on a daily. After a big red day on 25th June, yesterday closed green and as DOJI candle exactly on the FIB level.
I like to buy on the 2nd wave, after the first retracement, I believe this is a good entry for those looking to buy.
As stated previously, stop loss doesn't change, keep it at $28.5K and let the market do the work. Wait patiently for the pattern to unfold after buying.
Please position your size correctly, take only 2-3% of account risk per trade. Even though the market looks bullish any outside event can trigger an unwarranted sell-off.
Take care, happy trading!
PS: This is not financial advice. DYOR. Take risk as per your own capacity.
BTCUSD
After 3 daily green candles, we had anticipated a retracement to 0.5/0.38 FIB level on a daily. After a big red day on 25th June, yesterday closed green and as DOJI candle exactly on the FIB level.
I like to buy on the 2nd wave, after the first retracement, I believe this is a good entry for those looking to buy.
As stated previously, stop loss doesn't change, keep it at $28.5K and let the market do the work. Wait patiently for the pattern to unfold after buying.
Please position your size correctly, take only 2-3% of account risk per trade. Even though the market looks bullish any outside event can trigger an unwarranted sell-off.
Take care, happy trading!
PS: This is not financial advice. DYOR. Take risk as per your own capacity.
BTCUSD
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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.
Related publications
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.