BITCOIN | The Price Has Reached Inside a Possible Buying Area!
Hi,
The marked buying area stays $49300 to $51700, a lot of technical criteria matching each other in quite a tight range and they are:
1) Fibonacci Retracement 38%
2) Fibonacci Retracement 62%
3) Fibonacci Extension 127%
4) Channel projection
5) 2x The equal waves of AB=CD
6) Strong horizontal area
7) The round number 50000
8) Daily EMA50
So, a lot of quite a good criteria, they all acting as support levels and as said they are inside of quite a tight range.
I would like to trade it and let the market tells us - was it a good decision to enter or not. Preparations are done, let's wait and see, no emotions, no expectations - okay, maybe "like" expectations only ;)
Stay healthy,
Vaido
The marked buying area stays $49300 to $51700, a lot of technical criteria matching each other in quite a tight range and they are:
1) Fibonacci Retracement 38%
2) Fibonacci Retracement 62%
3) Fibonacci Extension 127%
4) Channel projection
5) 2x The equal waves of AB=CD
6) Strong horizontal area
7) The round number 50000
8) Daily EMA50
So, a lot of quite a good criteria, they all acting as support levels and as said they are inside of quite a tight range.
I would like to trade it and let the market tells us - was it a good decision to enter or not. Preparations are done, let's wait and see, no emotions, no expectations - okay, maybe "like" expectations only ;)
Stay healthy,
Vaido