Bitcoin made the ABC wave I predicted. Hit the target on C. We might see some accumulation on this level before it makes another move.
For now it's making a small triangle which could indicate a bull flag. If so, we can see another leg up to the 0.5 fib level @9391 level, depending on how you calculate your trend. The 0.618 is currently our resistance, which is a little above VWAP.
Keep your eyes on the MA of 50 and 200, if they cross they could indicate a strong bullish trend. On my chart the green line is the 200 and the red line is 50.
And keep in mind that this could be a fake out. So keep your stop losses tight. Use low R:R.
Good luck trading!
*Not financial advice.
For now it's making a small triangle which could indicate a bull flag. If so, we can see another leg up to the 0.5 fib level @9391 level, depending on how you calculate your trend. The 0.618 is currently our resistance, which is a little above VWAP.
Keep your eyes on the MA of 50 and 200, if they cross they could indicate a strong bullish trend. On my chart the green line is the 200 and the red line is 50.
And keep in mind that this could be a fake out. So keep your stop losses tight. Use low R:R.
Good luck trading!
*Not financial advice.
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.