BTCUSD falls and starts recovery after geopolitical spike LONG
Bitcoin on a 30 minute chart fell with reports of the Israeli active retaliatory strikes in the
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see this as an opportunity
to buy BTCUSD at a 3-4% discount going into the halfing period. I will add to a long position.
It end up being averaging down or in the alternative getting a solid base for the run up that
pundits say will soon come. My initial target to take profit on 10% of the position and raise the
stop loss, based on a Fibonacci level is 66800.
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see this as an opportunity
to buy BTCUSD at a 3-4% discount going into the halfing period. I will add to a long position.
It end up being averaging down or in the alternative getting a solid base for the run up that
pundits say will soon come. My initial target to take profit on 10% of the position and raise the
stop loss, based on a Fibonacci level is 66800.
Trade active:
BTCUSD slowly rising as is the adjusted stop loss. Patience looking for weekend volatility.