BITCOIN IS OVERALL IS BULLISH BUT IF THERE IS A RETRACEMENT I WOULD BE LOOKING AT 2 ENTRY POINTS TO GET LONG. IT HAS JUST COMPLETED AN AB=CD PATTERN, RSI WENT OVER SOLD AND THERE IS RSI DIVERGENCE SO WE MAY SEE SOME SORT OF RETERACEMENT FROM THESE NEW HIGHS
MY FIRST POSSIBILITY WOULD BE AT 5000, WHICH IS A FIB 38.2 RETRACEMENT OF THE LAST MAJOR MOVE AND INTO A PREVIOUS RESISTANCE AREA. I WOULD NEED TO WAIT TO SEE WHAT PRICE DID AT THIS POINT AND WOULDNT JUST BUY WHEN IT REACHED HERE
MY SECOND AND PREFERRED ENTRY WOULD BE AT THE 78.6% RETRACEMENT AF A TO D, THIS WOULD FORM A CYPHER PATTERN IF IT REACHED THIS POINT AND I WOULD USE AN AGGRESSIVE ENTRY AT THIS POINT. THIS ALSO LINES UP NICELY WITH PREVIOUS SUPPORT AND RESISTANCE
MY FIRST POSSIBILITY WOULD BE AT 5000, WHICH IS A FIB 38.2 RETRACEMENT OF THE LAST MAJOR MOVE AND INTO A PREVIOUS RESISTANCE AREA. I WOULD NEED TO WAIT TO SEE WHAT PRICE DID AT THIS POINT AND WOULDNT JUST BUY WHEN IT REACHED HERE
MY SECOND AND PREFERRED ENTRY WOULD BE AT THE 78.6% RETRACEMENT AF A TO D, THIS WOULD FORM A CYPHER PATTERN IF IT REACHED THIS POINT AND I WOULD USE AN AGGRESSIVE ENTRY AT THIS POINT. THIS ALSO LINES UP NICELY WITH PREVIOUS SUPPORT AND RESISTANCE