Short term sell possibility with Bitcoin. I just posted a swing trade buy idea on bitcoin.
So this would be the pullback of the higher time frame analysis.
IF price breaks below the support dotted line that I have marked. then I will sell to the trendline and IF breaks that, then I will be selling to the dotted line under that. Which is the higher time frame fib level that I am waiting to see reaction of.
I hope that makes sense.
I will update in the comments as price moves more.
as of right now I am not doing anything because price has not confirmed direction yet.
I am not selling yet because price hasn't broken and retested current support line that it is sitting on top of. Be patient.
Most people are anticipating the big buy move so be patient as bitcoin likes to fake people out before going in the direction anticipated. Wait for confirmation to confirm direction.
So this would be the pullback of the higher time frame analysis.
IF price breaks below the support dotted line that I have marked. then I will sell to the trendline and IF breaks that, then I will be selling to the dotted line under that. Which is the higher time frame fib level that I am waiting to see reaction of.
I hope that makes sense.
I will update in the comments as price moves more.
as of right now I am not doing anything because price has not confirmed direction yet.
I am not selling yet because price hasn't broken and retested current support line that it is sitting on top of. Be patient.
Most people are anticipating the big buy move so be patient as bitcoin likes to fake people out before going in the direction anticipated. Wait for confirmation to confirm direction.
Comment:
played out to first dotted line!! to the T