Patience is the key here.
I think we should wait for the $10.7 area which is the 0 level of Fib Channel. It is also supported by 0.618 level of Fib Speed Resistance Fan.
If that level is not broken, I would love to open LONG position from there.
As for the SHORT position, I would wait for the 0.618 area of Fib Extension.
If that level is broken too, we are going to have a great short opportunity and I want to consider that as a reversal.
Due to the current market condition with
BTC, bulls are mostly winning.
The proper retrace is more probable than the reversal at this point tho.
However, I don't recommend FOMO buy even if this doesn't retrace back to the levels that we mentioned.
I will just move those green circles along those 0 level fib channel line and update the fib extension properly.
Cheers!
I think we should wait for the $10.7 area which is the 0 level of Fib Channel. It is also supported by 0.618 level of Fib Speed Resistance Fan.
If that level is not broken, I would love to open LONG position from there.
As for the SHORT position, I would wait for the 0.618 area of Fib Extension.
If that level is broken too, we are going to have a great short opportunity and I want to consider that as a reversal.
Due to the current market condition with
BTC, bulls are mostly winning.The proper retrace is more probable than the reversal at this point tho.
However, I don't recommend FOMO buy even if this doesn't retrace back to the levels that we mentioned.
I will just move those green circles along those 0 level fib channel line and update the fib extension properly.
Cheers!
Dagangan aktif
The price hit exactly to $10.7 area and rebound very fast.Dagangan ditutup: sasaran tercapai
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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.