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I know and i have read a few pieces of articles and analysis both professionals and amateurs. I have read from quite a few predicting that it will go to lower channel of $4000 or even $2000 anything can happen.
But of course price dont move in straight line and very negative that maybe we have chance to take advantage of potential reverse maybe not as far as we would like (breaking the big downtrend line from 20,000 top) and see very bullish movement again, although that too is what i would like to see. But here is where I try to swing trade.
I can see it going down to 8200 which is 618 or fibo retracement of the most recent bull swing. That is the area where I am looking for long opportunity. Remember we sold half or some if not all (depends on your risk and money management strategy) of our position during the last post and we try to find a better entry.
We can open order at two supports where we can expect it to swing back to 10,500 -11,000 where you should lock your profit
Open orders
9000 and 8200
Target 10,500-11,000
the trade is cancel and i will be puttin tight stop just below 8200
From my last post the trade was cancelled you can take a look at the link below.
I know and i have read a few pieces of articles and analysis both professionals and amateurs. I have read from quite a few predicting that it will go to lower channel of $4000 or even $2000 anything can happen.
But of course price dont move in straight line and very negative that maybe we have chance to take advantage of potential reverse maybe not as far as we would like (breaking the big downtrend line from 20,000 top) and see very bullish movement again, although that too is what i would like to see. But here is where I try to swing trade.
I can see it going down to 8200 which is 618 or fibo retracement of the most recent bull swing. That is the area where I am looking for long opportunity. Remember we sold half or some if not all (depends on your risk and money management strategy) of our position during the last post and we try to find a better entry.
We can open order at two supports where we can expect it to swing back to 10,500 -11,000 where you should lock your profit
Open orders
9000 and 8200
Target 10,500-11,000
the trade is cancel and i will be puttin tight stop just below 8200
From my last post the trade was cancelled you can take a look at the link below.
