Entry Points for Bitcoin Pullback
Bitcoin is pulling back. Great timing to enter the rally. Question is WHERE exactly? Here are some potential entry points.
In no particular order:
I wrote this short summary today: jimmakos.com/2017/06/bitcoin-pullback-entry-points/
Remember, risk management is way more important than entry points. Know how (much) to trade.
In no particular order:
- $1,900: Confirmed support/resistance level (once).
- $2,200: Mildly confirmed resistance level and 38.2% Fibonacci Retracement level.
- $1,700: Pinpointed sup/res confirmation and 61.8% Fib level. The strongest in my opinion.
- $1,300: Resistance level.
- $900: 6-month low and support. Very unlikely to drop below that.
I wrote this short summary today: jimmakos.com/2017/06/bitcoin-pullback-entry-points/
Remember, risk management is way more important than entry points. Know how (much) to trade.
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