A) So BTC pushed into last week's open (upper orange line) and has now retraced. I hope you used that structure and long wick as an opportunity to take a little profit if you were long?!
B) We're now at the 50% retracement of that recent leg up. Possibly a good spot to load up? I'll be waiting for confirmation before adding to longs, for what I perceive to be another shot up coming.
C) The next area I'd be looking to possibly take profits if/when we reach it.
Any close on the 4hr below 7.2k and I'm likely Flat for the time being. Till then, I'm viewing this as an opportunity to add to longs in the "golden pocket". As always, stay safe, happy trading. Good luck. Make sure you practice solid risk management. YMMV
B) We're now at the 50% retracement of that recent leg up. Possibly a good spot to load up? I'll be waiting for confirmation before adding to longs, for what I perceive to be another shot up coming.
C) The next area I'd be looking to possibly take profits if/when we reach it.
Any close on the 4hr below 7.2k and I'm likely Flat for the time being. Till then, I'm viewing this as an opportunity to add to longs in the "golden pocket". As always, stay safe, happy trading. Good luck. Make sure you practice solid risk management. YMMV
