old habbits or new all time high for BTC/USD?
Hello,
we see BTC/USD trading pair on Bitfinex consolidating for more than 20 days now, we had a strong bull move this year but now Bitcoin is consolidating and seems like it could be a reversal.
IS bitcoin falling into old habbits or do we see a new old time high for BTC in 2019?
We have the 38.2 and 50 % fibonacci retracements of the strong bull move under us.
When we see a correction to these levels and get a descent pull-back i will add to 50 % of my current position size to my position.
If we fall under these retracements, especially under the lows of the consolidation period we seen last year i will take my stop loss and wait for a better opportunity.
Have great weekend and week!
we see BTC/USD trading pair on Bitfinex consolidating for more than 20 days now, we had a strong bull move this year but now Bitcoin is consolidating and seems like it could be a reversal.
IS bitcoin falling into old habbits or do we see a new old time high for BTC in 2019?
We have the 38.2 and 50 % fibonacci retracements of the strong bull move under us.
When we see a correction to these levels and get a descent pull-back i will add to 50 % of my current position size to my position.
If we fall under these retracements, especially under the lows of the consolidation period we seen last year i will take my stop loss and wait for a better opportunity.
Have great weekend and week!
Penafian
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