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NickelGrasshopper
Jun 29, 2018 9:03 PM

BTCUSD W & D: Building confluences Long

Bitcoin / United States DollarCoinbase

Description

Here are a couple of ideas for long entries:

1. Look for some bullish relief around 5200-5300 on the daily. The 1.0 fib exts of 6/7-6/19 & 6/20-6/25 are showing confluence, so look for a reversal there.

2. For the larger trend, the 1.0 fib exts on both the W & the D charts are showing confluence in the 4800-4900 area, indicating a reversal area.
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