BitcoinUpdated SATS Accumulation Zone Incoming [17.500$]
After Bitcoin broke down the 'white' triangle and broke below the dark areas[golden pockets of Green Fibb' Retracement] it declined sharply with a wick to 17.6K to possible performing a dead cat-bounce, retesting previous support of golden pockets perfectly but now as resistance only to get rejected and continue to be headed lower.
What we should all be anticipating while bearing with patience, is Bitcoin to be headed at the 'orange' line which is another golden pocket of a larger time frame Fibbonacci Level[17.500$].
If it finds support there and Bitcoin starts increasing in USD price, that level is a good buy-zone for long-term accumulation.
Worth mentioning is that we also have a 'Death Cross' on the 4Hr. Chart[the yellow MA]
TRADE-SAFE
What we should all be anticipating while bearing with patience, is Bitcoin to be headed at the 'orange' line which is another golden pocket of a larger time frame Fibbonacci Level[17.500$].
If it finds support there and Bitcoin starts increasing in USD price, that level is a good buy-zone for long-term accumulation.
Worth mentioning is that we also have a 'Death Cross' on the 4Hr. Chart[the yellow MA]
TRADE-SAFE
Note
17.556$ reached with a wick playing out near the target given [orange line of Fibb' level]TP also won on the bounce performed after reaching our target if long-term accumulation was not one's mission.
Salute and Congratulations to anyone who took action upon this idea.
For more, wait on the other updates.
TRADE SAFE
Note
Nearly 2K profit from the Buy Zone given as a BUY-Target 17.500$Congratulation to whomever took the trade :)
TRADE-SAFE
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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.
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.