I am looking to long Bitcoins Fib .618 level at $34.1K.
My Take Profit will be placed at our Weekly Open ($38.2K). The trade will be invalidated if we drop below $33.3K.
What is your current thought on Bitcoin? Let me know in the comments.
My Take Profit will be placed at our Weekly Open ($38.2K). The trade will be invalidated if we drop below $33.3K.
What is your current thought on Bitcoin? Let me know in the comments.
Note
Quick update on this setup. So far I was not able to get filed, which is OK.Currently Bitcoin is sitting below its $37.2K resistance level. I am going to long the retest of it. If we are unable to reclaim that level we might see yesterdays lows again and this setup would remain active.
Note
We didn't see any strong reaction from yesterdays break and as expected the price plunged down after.As mentioned, this setup remained active and my order filled right at the fib .618. Currently up 5% since entry.
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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.