Long

BTC - 36K then ATH?

Updated

I'm now following the 20% "rules" BTC was doing past years (red circles) and will refill a lot each time BTC drop 20%, ~36K for this one, around 0.786 fib

Arrows are not related with time

Cheers

Note

BTC now under 100 MA on the 4H, a support that has been tested a lot of times since 1 month
It can manage to go back above today or tomorrow but after that chances to see 38K will be a lot more higher

Note

Pushed back to 100 & 200 MA 1H at 42k4 and made a nice rejection,
we are now at 100 MA 4H 42K

Note

Was about to lose hope to pick solid entry.

target is still 36-38K

Note

MACD 100 will very likely cross MACD 200 on the 4H this week, so I still think another big dump is coming.

Trade closed: stop reached

Note

I labelled the idea with "stop reached" but its actually still in play,

with the new high 49120, 20% is at 39280, its around 100 MA on the daily timeframe

I will start to refill there

if this one breaks, watch out for 35500 and 33300

Note

-20% hit, from here and following this idea we might go up to ATH and new highs ?

Investwine

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