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Past plan and my position in long:
Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of
27,500 and the price again came to test
30,000, I wrote about this earlier. I have already fixed 50% of the profit from my long position and continue to hold the rest of the position up to an important resistance level.
Important bitcoin levels:
On the technical side: we have two resistances, a local
31,080 from where Bitcoin started its correction to the range of
27200-27500 and there is a global resistance of 0.5 Fibonacci
32,500 from where a strong buyer may appear.
What does bitcoin need to keep going up?
Still an important support zone is the
28,000-28,500 range, the price is still close to this level, for a further trip to the
31,000-32,500 range, the buyer needs not to lose this support zone in a short time, but to stay afloat where we are at at the moment, otherwise we may expect a strong fall into the
25,000-24,000 zone
Test of an important Fibonacci level:
A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on
34,000-36,000
To all those who have gained Longs with a profit, do not forget about risk management!
Past plan and my position in long:
Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of
Important bitcoin levels:
On the technical side: we have two resistances, a local
What does bitcoin need to keep going up?
Still an important support zone is the
Test of an important Fibonacci level:
A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on
To all those who have gained Longs with a profit, do not forget about risk management!
RU TELEGRAM:t.me/+nJU6W2gATIZlZjky
Торгую тут 👉 okx.com/ul/eIwyaNp
Торгую тут 👉 okx.com/ul/eIwyaNp
Related publications
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.
RU TELEGRAM:t.me/+nJU6W2gATIZlZjky
Торгую тут 👉 okx.com/ul/eIwyaNp
Торгую тут 👉 okx.com/ul/eIwyaNp
Related publications
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.