Hello traders. Check my previous ideas to see what's next on BTC/USD price action.
Wanted to share this intraday idea with you guys.. Maybe it will help somebody on their entries..
I'm looking at this recent move as a bull trap in short term.. We didn't reach crucial blue zone just below and stopped at $8680..
We need more liquidity to go higher and strong supply will grant our wish.. My target is $8588 where I'll add to my long position.
Not much to add here.. $8540 is 0.618 fib of recent move from 7.3k to 10.3.. Be cautious.
This is not a financial advise. Until the next one!
Wanted to share this intraday idea with you guys.. Maybe it will help somebody on their entries..
I'm looking at this recent move as a bull trap in short term.. We didn't reach crucial blue zone just below and stopped at $8680..
We need more liquidity to go higher and strong supply will grant our wish.. My target is $8588 where I'll add to my long position.
Not much to add here.. $8540 is 0.618 fib of recent move from 7.3k to 10.3.. Be cautious.
This is not a financial advise. Until the next one!
Comment:
Played out to the tick! After 8590 we bounced right back above 8700$. Let's see what's next :)
