Bitcoin - A high reward opportunity
Updated
It's never been such a occasional opportunity since December. We are going to test a very important zone. A point of destiny which shows us the future of bitcoin in next 2 months and get ready for halving. The zone of 9080-9200 where MA50 and fib 382 and fib 618 comes together right above the cloud and provides us a very strong support for a bullish rally to 11k.
WILL I GO LONG?
For sure! If you followed me you know I've been waiting for this. There are so much signs here that convince me to go long. The same as my last trade, I will buy 40% of my active capital at 9200 and will wait for retests. Every time the zone is tested and rejected I will add 30%. until it's fulfilled.
WHERE IS THE STOP-LOSS?
About 8600, right below Fib 0.5 or I will manually close if a red candle closed under the zone in 1H time-frame.
This is not a financial advice and I'm just sharing my thoughts. Please trade at your own risk.
Hitting the like button is the only way I can understand if you agree with me.
WILL I GO LONG?
For sure! If you followed me you know I've been waiting for this. There are so much signs here that convince me to go long. The same as my last trade, I will buy 40% of my active capital at 9200 and will wait for retests. Every time the zone is tested and rejected I will add 30%. until it's fulfilled.
WHERE IS THE STOP-LOSS?
About 8600, right below Fib 0.5 or I will manually close if a red candle closed under the zone in 1H time-frame.
This is not a financial advice and I'm just sharing my thoughts. Please trade at your own risk.
Hitting the like button is the only way I can understand if you agree with me.
Note
A closer look, buy zoneNote
The magnet of our zone. We're so close.Trade active
Note
First target: 9400Second target: 9550
Then reconsideration
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