BTC trade idea is based on current bullish divergence on the 1D chart.
Price movement downwards has clearly decelerated and when can expect a retest of the 0.618 long term fibonacci and 8.2k a previous support. Without volume a break-out above those levels has very probability.
A reminder that a reversal does not mean going back to 13k in one night. Even in crypto charts take time to develop.
All the best from the crypto space.
twitter.com/alteroc_trading
Price movement downwards has clearly decelerated and when can expect a retest of the 0.618 long term fibonacci and 8.2k a previous support. Without volume a break-out above those levels has very probability.
A reminder that a reversal does not mean going back to 13k in one night. Even in crypto charts take time to develop.
All the best from the crypto space.
twitter.com/alteroc_trading
Trade closed manually:
Trade hit stop loss