Long

BTC Channel, golden pocket fib, SME 200 and td9 buy + S2

Updated

The smallest green box is most likely going to be a point to bounce from. This way we hold the channel, we get to the golden pocket of fibs, SME 200 is going there, if we get there the next 2 candles we'll have a td 9 buy signal and we are at S2. All good signs for a reversal to the upper part of the channel.

HOWEVER. If we don't hold this spot, buckle up because we'll go back down to 8-9K again IMO

Not financial advice
DYOR
Risk management is key

Note

It is also possible to form a channel like this but then we don't get a bounce of all those other indicators and just the channel and 61.8 fib,
We'll have to see how it plays out but keep this one in mind too

Trade active

Not sure where we go from here.
Looks like it's all coming together on this chart, even with a TD9 buy signal (didn't show this on this chart because it really makes it unclear). But I feel like we're not there yet. I'm still leaning to the original chart where we hit the golden pocket.

Trade closed manually

As the chart is looking now, supply volume keeps dropping I think we've reached bottom for now at 10.4K, we might revisit 10.4 again next hour or two but I think you should be watching the reversal coming in soon instead.

To summarize, price didn't quite reach the golden pocket, it came $25 short actually. (we might possibly hit it once more before running up but I doubt it) We hit the bottom of channel in the blue demand zone and are looking for a reversal

Trade closed: target reached

And so we eventually reach our target

Crypto_Gerrie

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