Heatrading

BTC new ATH and out of the woods ?

Long
COINBASE:BTCUSD   Bitcoin
BTC is finally getting some momentum back after breaking in daily closure the consolidation yesterday, which now open the door to further upside move.

As long as price stay above 66k to 67k (previous resistance becoming new support).

I would target 74.7k as the next stop before consolidation or as a 1st target to get some profit if we're looking on long term.

There is levels above the prices that are key levels to me based on different Fibonacci retracements and extensions.

If anyone has bought the 61K level from previous idea i don't see any reason to get out of the trade now, let's be patient and let it go up.

On the other side, a retest of 66k/67k can be an opportunity to go long on signal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.