Bullish for BTC
Looks like we're holding above the 57.6k fib level for bitcoin. After the rejection at the bottom of the pitchfork channel I can see (in my dreams :D) a straight shot to 80k at the top of the channel (See yellow line) . Much more realistic is 64,000 level as that's the next step up on the fib ladder. It also coincides with the middle of the channel, as well as a continuation of the money flow trend pictured below.
Fundamentals are strong as usual, Paypal is cooking, Amazon is cooking, all the boys want the milkshakes.
58.5k Entry S/L 57.5k T/P 50%64k 50%@78k
Fundamentals are strong as usual, Paypal is cooking, Amazon is cooking, all the boys want the milkshakes.
58.5k Entry S/L 57.5k T/P 50%64k 50%@78k
Note
Closed Long64k today - Sidelines until we see which side of the fib we land on
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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.