BTC/USD stronger confirmation for a long!!!!!!!!!
BTC USD has been uptrending for a while and initially broke structure at 68915.75 to the upward direction and created in new higher high at 73731.01.
While up trending it formed a series of inducement to trap retail traders which is indicated in the chat with a ($) symbol which has already been wipe while retracement back to Fibonacci level of 0.786 indicated with a (purple bar)
At the Fibonacci level between 0.786 and 0.886 the market made a bullish retracement which broke structure to the upward direction and retraced back to Fibonacci level of 0.7 86 which is indicated with a ( sky blue bar) in the chart and the stop loss at 60764.52 for a stronger confirmation of a buy which is currently buying and take profit at 73916.57 with the take profit ratio of 3.75.
While up trending it formed a series of inducement to trap retail traders which is indicated in the chat with a ($) symbol which has already been wipe while retracement back to Fibonacci level of 0.786 indicated with a (purple bar)
At the Fibonacci level between 0.786 and 0.886 the market made a bullish retracement which broke structure to the upward direction and retraced back to Fibonacci level of 0.7 86 which is indicated with a ( sky blue bar) in the chart and the stop loss at 60764.52 for a stronger confirmation of a buy which is currently buying and take profit at 73916.57 with the take profit ratio of 3.75.
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.