DeFeye

BTC 4h Potential Dragonfly

Long
DeFeye Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
A bit early as there are still 15 min. left on the candle. But keep an eye on the Golden pocket between the 0.618 and 0.650 Fib levels. We bounced there the last time, and we are forming a candle that could indicate a bullish reversal.

Targets 52k and 53k again.

Comment:
Alright we got that Dragonfly Doji (bullish reversal candle). I'm still cautious tho looking at the golden pocket slightly below ti see if it hold or we bounce. As soon as we confirm I'm long with the mentioned targets.
Comment:
We briefly touched the golden pocket on the fib. and bounced there.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.