Last chance to bounce for bitcoin??
***Welcome to daily Bitcoin analysis. I do daily BTC review and try to provide my unbiased TA. Please let me know if you have any other chart requests***
As expected so far, Bitcoin has retraced to 0.38 FIB on a daily. I believe this is the last chance for bulls to start pushing up. Defend this level and we go to 200DMA at around 43K.
With good conviction, I say we go long here with SL still kept at 28.5K (22nd June low)
Please position your size as per the account risk you want to take. Money management is more important than winning.
Happy Trading!
PS: This is not financial advice, DYOR!
BTCUSD
As expected so far, Bitcoin has retraced to 0.38 FIB on a daily. I believe this is the last chance for bulls to start pushing up. Defend this level and we go to 200DMA at around 43K.
With good conviction, I say we go long here with SL still kept at 28.5K (22nd June low)
Please position your size as per the account risk you want to take. Money management is more important than winning.
Happy Trading!
PS: This is not financial advice, DYOR!
BTCUSD
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.