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TradewithLu
Mar 11, 2020 6:07 PM

BTCUSD Short Term Trade Opportunity (Buy)  Long

Bitcoin / DollarBitfinex

Description

It looks like we are now making the 5th and final wave. I have set limit buy orders between a range calculated by multiplying the length of wave 1 by 1 and 1.618 and this is my buy zone.
The RSI and MACD already look very bullish on the 4-hour chart, so the price may not even reach this zone, but if it does, I will be ready to catch it.
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Action: Set limit buy orders between $7473 and $6960
Stop Loss: $6645.1
Take Profit: set limit sell orders between $8147.4 and $7695
Order valid: 12 hours from publication
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Not Financial Advice
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