Opened a long trade on $BTC at a price of ~$17,950 after some consolidation and a technical bounce at ~$17,800, the 0.786 Fibonacci retracement from my previous charts (titled Bitcoin Long 1W TF Sup/Res Fib. Ext.).
After opening the trade, I had an exit strategy if $BTC rejected resistance at ~$20,000 again. This time, we broke through the res.
Zooming out to a 1W timeframe, we find the next resistance to be the golden ratio Fibonacci extension (1.618) at ~$26,000.
After opening the trade, I had an exit strategy if $BTC rejected resistance at ~$20,000 again. This time, we broke through the res.
Zooming out to a 1W timeframe, we find the next resistance to be the golden ratio Fibonacci extension (1.618) at ~$26,000.
Comment:
Target hit $$$