BTC getting ready
BTC is getting slowly overbought. However, I see one more push to 44 k to test the 200 ma on the daily frame. This will unfold in a strong reaction to retest the 36 k level and possibly the 34400. Do not fear and do not listen to the dooms conversations at those levels. The retracement is a normal breath after 10 days of gains. It s a healthy reaction. I will place buy orders at 36 and 34 k This will have a great RR (5 at 36 and 11 RR if we touch the 34 k level) with a target of 54k (note that this will be the first conservative target) the second target will be at 68k (everything will need to be reassessed at 54k).
Have a great weekend.
Have a great weekend.
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.