YongTung | BTC DAILY: Keep an eye on previous low, BUY/LONG here
Hello my friends, today I want to talk to you about BTCUSDT,
I made a few conclusions about Bitcoin.
Recently the price tested resistance level and local high and failed,
Currently Bitcoin bounced from local high to support zone $15888.36-$16466.06 (fib 0.618-0.66) and bounced up.
At the moment the price broke the 4-wave level (orange line) and pulled back, and now it trades near resistance level $16911 (fib 0.382).
So I expect that price can make a small correction to resistance level (fib 0.382).
And, I think price will fall down from resistance level (fib 0.382) and go lower.
I set up my first target at previous low and support level $15754.26 (orange line).
Then, I set up second target at previous low $15588 level.
Personally, I think $15754-$15588 is a extremely strong support area because it tested so many times and it still wasn't broken.
Then, I expect such a scenario like like Wyckoff Accumulation Model happen.
So, I think $15754-$15588 might be a best opportunity to buy/long.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
I made a few conclusions about Bitcoin.
Recently the price tested resistance level and local high and failed,
Currently Bitcoin bounced from local high to support zone $15888.36-$16466.06 (fib 0.618-0.66) and bounced up.
At the moment the price broke the 4-wave level (orange line) and pulled back, and now it trades near resistance level $16911 (fib 0.382).
So I expect that price can make a small correction to resistance level (fib 0.382).
And, I think price will fall down from resistance level (fib 0.382) and go lower.
I set up my first target at previous low and support level $15754.26 (orange line).
Then, I set up second target at previous low $15588 level.
Personally, I think $15754-$15588 is a extremely strong support area because it tested so many times and it still wasn't broken.
Then, I expect such a scenario like like Wyckoff Accumulation Model happen.
So, I think $15754-$15588 might be a best opportunity to buy/long.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
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0.618-0.66 level looks solid
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