Bitcoin has succeeded in making a daily close above 47k. But I am not fooled. I remain in my short position (it's underwater from 43k). My stop-loss is at 49k. Therefore, I wait for that to get hit before I think about making a long play.
My target for taking short profit will be 33k at the 1.618 Fibonacci level as shown in the chart.
I hope this helps someone.
God bless
My target for taking short profit will be 33k at the 1.618 Fibonacci level as shown in the chart.
I hope this helps someone.
God bless