Bitcoin has had a great run today but dont make the amateur mistake of chasing this here. The correct entry for today was on the exact break out of the down trend. Right now we have hit a 3rd wave top fib retrace level. This is an uncertain time for the short term trade of BITCOIN. Resisting the 3rd wave top could possibly led back for a 4th wave, if so what we are looking for is a 5th wave entry to retest 39k. You can see by my chart that the 37k current top trend needs to find either support or resistance. If this falls through we are looking at the fib retrace levels of 36,597.
After this its ema around the 35592 area.. A fall through will then see the retest of 32 and 30..
There is a huge chance the bitcoin will retest the 28k area as we'll at some point.
For now though we are big time bullish at another crack at 40k and beyond.
The 20% correction was needed and so far is holding strong.
Ill be personally looking for buy possibilities between 37180 and 35k.
What you want is the best possible entry you can and also to save yourself getting into a trade that falls badly the other way.
Follow these guides and you will be ok.
For more info and to follow me please check out my profile.
I love doing this for you trading view peeps so please feel free to leave any positive TA comments for me to take a look at.
Happy trading
After this its ema around the 35592 area.. A fall through will then see the retest of 32 and 30..
There is a huge chance the bitcoin will retest the 28k area as we'll at some point.
For now though we are big time bullish at another crack at 40k and beyond.
The 20% correction was needed and so far is holding strong.
Ill be personally looking for buy possibilities between 37180 and 35k.
What you want is the best possible entry you can and also to save yourself getting into a trade that falls badly the other way.
Follow these guides and you will be ok.
For more info and to follow me please check out my profile.
I love doing this for you trading view peeps so please feel free to leave any positive TA comments for me to take a look at.
Happy trading