If we can go one more wave up, it cannot break down below $7,550
That means bulls (especially whales) had to defend current low $7,664 (which is 0.705 fib level)
As I told you before, I think $8,660 will be final top of this uptrend from $5,880
In conclusion, this is very good spot to put some long, cuz risk/reward ratio is pretty good
Personally I am now on long position at $7,635(xbtusd)
If you think we are already in wave 5 to the bottom, you could get into below $7,550 and take small profit
That means bulls (especially whales) had to defend current low $7,664 (which is 0.705 fib level)
As I told you before, I think $8,660 will be final top of this uptrend from $5,880
In conclusion, this is very good spot to put some long, cuz risk/reward ratio is pretty good
Personally I am now on long position at $7,635(xbtusd)
If you think we are already in wave 5 to the bottom, you could get into below $7,550 and take small profit
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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.