DCA x1: Fibonacci 0.5
DCA x2: Fibonacci 0.618 ~ Bottom of a long low tail between 0.618~0.886
Stop loss: When the 3-2 impulse is broken (-0.86%)
Target price: $72,000
Reward/Risk: 6.92/1
It is probably the send lowest price point to enter a highly leveraged BTC long in the 1st half of 2024, following the low of the previous 3-2 move.
DCA x2: Fibonacci 0.618 ~ Bottom of a long low tail between 0.618~0.886
Stop loss: When the 3-2 impulse is broken (-0.86%)
Target price: $72,000
Reward/Risk: 6.92/1
It is probably the send lowest price point to enter a highly leveraged BTC long in the 1st half of 2024, following the low of the previous 3-2 move.
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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.