BTC/USD stronger confirmation for a long!!!!!!!!!
BTC USD has been uptrending for a while and initially broke structure at 68915.75 to the upward direction and created in new higher high at 73731.01.
While up trending it formed a series of inducement to trap retail traders which is indicated in the chat with a ($) symbol which has already been wipe while retracement back to Fibonacci level of 0.786 indicated with a (purple bar)
At the Fibonacci level between 0.786 and 0.886 the market made a bullish retracement which broke structure to the upward direction and retraced back to Fibonacci level of 0.7 86 which is indicated with a ( sky blue bar) in the chart and the stop loss at 60764.52 for a stronger confirmation of a buy which is currently buying and take profit at 73916.57 with the take profit ratio of 3.75.
While up trending it formed a series of inducement to trap retail traders which is indicated in the chat with a ($) symbol which has already been wipe while retracement back to Fibonacci level of 0.786 indicated with a (purple bar)
At the Fibonacci level between 0.786 and 0.886 the market made a bullish retracement which broke structure to the upward direction and retraced back to Fibonacci level of 0.7 86 which is indicated with a ( sky blue bar) in the chart and the stop loss at 60764.52 for a stronger confirmation of a buy which is currently buying and take profit at 73916.57 with the take profit ratio of 3.75.