Bitcoin is likely to come down to 30,832 - 30,325 before its next leg up towards 34k. This key zone also merges with our golden zone(78.6-61.8) of fib play and is a major order-block/liquidity level which is required for the push further up, as btc has ran out of steam from its previous pump.
A possible trade setup is also presenting itself,
Trade : BTCUSDTPERP
Entry - 30,736
Stop loss - 29,924
Take profit 1 - 32,307
TP 2 - 32,854
TP 3 - 33,548
DO NOT RISK MORE THEN 2% OF YOUR CAPITAL FOR THIS TRADE
Risk - Untested demand zone below stop loss. ( check charts)
A possible trade setup is also presenting itself,
Trade : BTCUSDTPERP
Entry - 30,736
Stop loss - 29,924
Take profit 1 - 32,307
TP 2 - 32,854
TP 3 - 33,548
DO NOT RISK MORE THEN 2% OF YOUR CAPITAL FOR THIS TRADE
Risk - Untested demand zone below stop loss. ( check charts)
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.
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.