Bitcoin aims to 16k levels
Hi!
Bitcoin just corrected from 12k up to 0.618 fibb (9700) and made a direct jump to the resistance of the 10600.
Although the last fall caused a lot of pain, the chart still presents me with possibilities for new highs, for that we need Bitcoin to break the wedge and stay above 11k in the coming days. I can't fight against the trend and so I'll make a buy on 11k levels.
This can be risky, ain't no shame if you got stopped, you might always use stop. Keep it simple.
Resume:
- Retraced to 0.618 fibb (9700) from last bullish impulsive wave
- Bullish Wedge
- Trend still Bullish
- RSI pointing up
Conclusion:
- Long
Strategy:
- Wait for a confirmation and then buy only if we're above 11k levels
- Move Stop once the market is in favour
Target
- 16000
****
Manage your stop according to your risk management. This is not financial advice.
Bitcoin just corrected from 12k up to 0.618 fibb (9700) and made a direct jump to the resistance of the 10600.
Although the last fall caused a lot of pain, the chart still presents me with possibilities for new highs, for that we need Bitcoin to break the wedge and stay above 11k in the coming days. I can't fight against the trend and so I'll make a buy on 11k levels.
This can be risky, ain't no shame if you got stopped, you might always use stop. Keep it simple.
Resume:
- Retraced to 0.618 fibb (9700) from last bullish impulsive wave
- Bullish Wedge
- Trend still Bullish
- RSI pointing up
Conclusion:
- Long
Strategy:
- Wait for a confirmation and then buy only if we're above 11k levels
- Move Stop once the market is in favour
Target
- 16000
****
Manage your stop according to your risk management. This is not financial advice.
Dagangan aktif
Nota
We break out. Nota
We're about to see a breakout soon. Nota
Moved my stop loss to 10900, -2% from my entry.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.