Sitting on my hands waiting patiently for a Bitcoin pullback.
Just a couple bits of analysis on the
BTCUSD
BTCUSD
BTCUSD
breakout and follow through over the last few months, some key resistance levels to look out for, and my strategy for accumulating some more BTC at on the back half of this 18 month long bear market.
Note my accumulation zone (green boxes) currently paints $3689 to $4141. This is based on a 61.8% to 78.6% retracement of the counter trend rally we're seeing play out now. Levels are due to change if/when we move higher. Simply redraw your fibs from the same low to the new highs and you'll be looking at my same accumulation zone, referred to as KRZs on the chart.
Want to learn the basics of technical analysis , risk management, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money.
Use discount code 'Tradingview' - learn more and get a free course preview here https://education.truebinary.io/courses/Level1
BTCUSD
BTCUSD
BTCUSD
breakout and follow through over the last few months, some key resistance levels to look out for, and my strategy for accumulating some more BTC at on the back half of this 18 month long bear market. Note my accumulation zone (green boxes) currently paints $3689 to $4141. This is based on a 61.8% to 78.6% retracement of the counter trend rally we're seeing play out now. Levels are due to change if/when we move higher. Simply redraw your fibs from the same low to the new highs and you'll be looking at my same accumulation zone, referred to as KRZs on the chart.
Want to learn the basics of technical analysis , risk management, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money.
Use discount code 'Tradingview' - learn more and get a free course preview here https://education.truebinary.io/courses/Level1