BTC Daily review: $36K to $36.5K should be a good area to buy
Looks like we are getting long-awaited retracement on Bitcoin...I will be very happy to add to my position at around 
36K to 36.5K, a good confluence zone based on SR flip and FIB ratio.
I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.
If I get my positions filled at36K, I will be looking to sell at 
48K to 50K, which is a good 35% move.
So don't hesitate to buy on support, maintain your risk and create an appropriate position size.
Hope this helps!
Happy trading!
36K to 36.5K, a good confluence zone based on SR flip and FIB ratio. I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.
If I get my positions filled at
36K, I will be looking to sell at 48K to 50K, which is a good 35% move.So don't hesitate to buy on support, maintain your risk and create an appropriate position size.
Hope this helps!
Happy trading!
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.