BitcoinLong
BTCUSD $56-58k action area Likely Buy
Updated
BTCUSD tagged April highs and immediately began a zigzag retracement down, which may be near completion. A common target for a retrace is -38.2%. Expect either a strong bounce and move to new highs, or a drop to -50% to -61.8%. If below -61.8%, expect further breakdown.
Check previous post commentaries added below main entry to anticipate. We took most profit above 66k and have been awaiting the -38.2% retrace for adding all in. Looking to add around $56 to $58,000. I've been posting preemptively so you can be ready and not need for me to post again
If 13 CCI crosses up thru a Down trendline that will be the Long signal. If that happens, the next plan is to watch for any CCI short signal, which would be CCI crossing down thru an Up trendline, and a sell
Check previous post commentaries added below main entry to anticipate. We took most profit above 66k and have been awaiting the -38.2% retrace for adding all in. Looking to add around $56 to $58,000. I've been posting preemptively so you can be ready and not need for me to post again
If 13 CCI crosses up thru a Down trendline that will be the Long signal. If that happens, the next plan is to watch for any CCI short signal, which would be CCI crossing down thru an Up trendline, and a sell
Note
Added Long @58.6
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