Hi there,
BTC had a pretty nice momentum from my last chart with a hard shake out, consolidates and bounce back within 40xk range. BTC just got a correction from 44k to 42k zone, this is as a healthy correction from some TP and retail panic sell, BTC still keeps the trend reversal as above 0,5 Fib (since now testing at 0,6 Fib) in my chart at 8 HTF and a positive RSI.
So overall, BTC is expected to have a bounce back to the 44k zone since the current trend reversal still in tact with a healthy correction above 0,5 Fib if we dont have special events & fuds, the trading strategy is to keep unchanged as my previous one and consider take some small amount TP at xxRate and can buy back with good price every correction time.
Thats for today, trade well.
BTC had a pretty nice momentum from my last chart with a hard shake out, consolidates and bounce back within 40xk range. BTC just got a correction from 44k to 42k zone, this is as a healthy correction from some TP and retail panic sell, BTC still keeps the trend reversal as above 0,5 Fib (since now testing at 0,6 Fib) in my chart at 8 HTF and a positive RSI.
So overall, BTC is expected to have a bounce back to the 44k zone since the current trend reversal still in tact with a healthy correction above 0,5 Fib if we dont have special events & fuds, the trading strategy is to keep unchanged as my previous one and consider take some small amount TP at xxRate and can buy back with good price every correction time.
Thats for today, trade well.
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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.