As BTC/USD breaks it's all time high with a huge impulse on the daily, we can see on the weekly and monthly that it has not yet completed any patterns. At this point it's not the best idea to just start investing in bitcoin but rather to wait for the pullback. As we all know it's not good for any market to create these massive impulses and not create new structure to go and retest. If BTC/USD will manage to start it's pullback we can definitely look for the long at the 21000 area. If it will manage to continue to the downside then this pair should go and retest previous ATH as support. Do not just buy at support because this pair can easily just continue to the downside to start creating new monthly and weekly structure. Always use a proper working strategy and risk management!
Trade closed: target reached