BTC Healthy Retracement
BTC skyrocketed after breaking my fractal in the last trade I uploaded. Now, from this high 23,800$ or around 24,100$ we should try the fibo 38.2% retracement level, which is also on the same price as a trendline, which comes from the beginning before the previous bull run.
Note
BTC reacted to the yellow trendline on the top and also has formed an ascending wedge. If broken downside, I will activate my order. Until now everything goes as expected. Above the yellow trendline, it is all a FOMO zone.Trade closed: target reached
BTC broke its wedge and hit its white trendline. Profits taken. Thank you BTC!
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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.