Hi followers,
Recently, I have been pretty quiet because there is just no reason to make an update, everything worked as planned. My bias was correct and now the Bitcoin price has reached to my multiple-times-pointed-target-area: an area where it is nice to close your shorts with profit and for those who are short-, mid-, long-term bullish it is a great area to buy it. As you know, I'm more a short-term trader, then this idea finds a target around $9,600 - $9,800.
The area consists of several criteria and all they should act as support levels:
1) Fibonacci retracement 2x38% and 62%, pulled from different bottoms.
2) Fibonacci Extensions
3) Channel projection
4) 2x AB=CD
5) The round number $9,000
6) Daily EMA100
7) Historically, the strong horizontal area around $9k
8) Handle formation on the Cup&Handle chart pattern (look it up from related ideas)
9) As always, wait for bullish patterns from the marked green area, it should increase your success rate - candlestick patterns, shorter timeframe bullish chart patterns and etc.
The mentioned Cup&Handle:
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
Recently, I have been pretty quiet because there is just no reason to make an update, everything worked as planned. My bias was correct and now the Bitcoin price has reached to my multiple-times-pointed-target-area: an area where it is nice to close your shorts with profit and for those who are short-, mid-, long-term bullish it is a great area to buy it. As you know, I'm more a short-term trader, then this idea finds a target around $9,600 - $9,800.
The area consists of several criteria and all they should act as support levels:
1) Fibonacci retracement 2x38% and 62%, pulled from different bottoms.
2) Fibonacci Extensions
3) Channel projection
4) 2x AB=CD
5) The round number $9,000
6) Daily EMA100
7) Historically, the strong horizontal area around $9k
8) Handle formation on the Cup&Handle chart pattern (look it up from related ideas)
9) As always, wait for bullish patterns from the marked green area, it should increase your success rate - candlestick patterns, shorter timeframe bullish chart patterns and etc.
The mentioned Cup&Handle:
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
Comment:
The area is still active, if you haven't reacted then great, you are patient. To get confirmation then a candle close above 9k will trigger the current trade, otherways do not touch it!
Trade active
