BitcoinLong
$BTC Long 1D TF Sup/Res Fib. Ext
Update from my last published idea.
My target of ~$26,000 hit and I exited half of my long there. As this is new ATH territory forBTC there is no chart history to find the next resistance. That being said, I'm utilizing the Fibonacci extension from my 1W chart on a previously published idea and psychological resistance levels for my next targets.
$30,000 is the obvious resistance.
If there is a back test of $26,000 and a failed attempt at support I will exit the rest of my position. Otherwise, I will hold until $30,000 is hit and reevaluate.
My target of ~$26,000 hit and I exited half of my long there. As this is new ATH territory for
BTC there is no chart history to find the next resistance. That being said, I'm utilizing the Fibonacci extension from my 1W chart on a previously published idea and psychological resistance levels for my next targets. $30,000 is the obvious resistance.
If there is a back test of $26,000 and a failed attempt at support I will exit the rest of my position. Otherwise, I will hold until $30,000 is hit and reevaluate.
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