We bought the dip but where do we sell?
We bought the dip for our clients and we hope that you also bought it because you had a lot of reasons to do it (bullish divergences on rsi, srsi, macd on major tf, shorts at an extreme level, BB w bottom on the 6h tf). Now the question is where do we take profit because this is not the rally to the moon.
In our oppinion btc wil reach the 0.382 level in the best case scenario so if we close above the 20 6h MA (which held the price very good in this downtrend) we will take partial profits at 6550 and the remaining profits at 6850-6880 if we get there. Why do we take profits at 0.236? because when bitcoin is in a strong trend it has shallow corrections
We think that this is nothing more than temporary bottom. We believe that bitcoin will fall to at least 5177$ and we will trade accordingly.
In our oppinion btc wil reach the 0.382 level in the best case scenario so if we close above the 20 6h MA (which held the price very good in this downtrend) we will take partial profits at 6550 and the remaining profits at 6850-6880 if we get there. Why do we take profits at 0.236? because when bitcoin is in a strong trend it has shallow corrections
We think that this is nothing more than temporary bottom. We believe that bitcoin will fall to at least 5177$ and we will trade accordingly.
Komen:
We took partial profits for our clients at the second attempt to break the 0.236.
