This is my point of view on BTCUSD, since we had a big rally behind us, my opinion is that we're going into a correction. I'm using support lines an fibonacci, and by that i see that we just reached 0,382 fibbo from ATH to bottom, and when I made another one to see where could support after correction be, and 3 indications met between 6212 $ - 8546$, my target is 7000$. Tell me your opinions!
Trade active:
turns out that this idea was spot on for now, was long from 6664,9 and kept accumulating on 8400.
Now, possible zone of bounce and go down, fibo 0,5 is argument for, an previous resistance/support lines. We will see soon. I'm gonna put trailing stop to secure my position.
Now, possible zone of bounce and go down, fibo 0,5 is argument for, an previous resistance/support lines. We will see soon. I'm gonna put trailing stop to secure my position.
Trade active:
still holding trend