Fib Levels to watch

26 Jan 2022

BTC #bitcoin levels I am watching. Rejected at .5 fib level. Wouldn't be surprised to see a pullback to .236 at 35500 and set a HL before moving up. RSI and OBV break down also signals a LTF pullback before reversing up.

Fed announcement was pretty neutral. 40k retest before 30k IMO.

Lose 35.5 on a H4 close and we should see a retest of bottom of range.

H4 close above 38.3 and 40k should be next stop.

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals

Please note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!

27 Jan 2022

Nota

bulls need to step up and create HL. This is a key fib level to hold.

28 Jan 2022

Nota

looking at the fib retracement tool you can see 37.5 is big LTF resistance