Looking for a retrace to the 50% - 61.8% levels of the bounce to enter BTC Long for a HOLD.
Rising wedge suggests a reversal at the 9K Psych Level, we will watch for reversal confirmation in the short term and short to the 50% RT area we will then look for a reversal pattern and jump in.
BTC likes inverted Head and Shoulders patterns, I would keep my eye out for one before entering this long incase we get a further retrace and retest of the Low.
A reversal at the 61.8% RT area will indicate a bullish market sentiment and good for a Long Opportunity.
Good Luck! Use proper RM and Stops!
Trade, Dont Gamble!
Rising wedge suggests a reversal at the 9K Psych Level, we will watch for reversal confirmation in the short term and short to the 50% RT area we will then look for a reversal pattern and jump in.
BTC likes inverted Head and Shoulders patterns, I would keep my eye out for one before entering this long incase we get a further retrace and retest of the Low.
A reversal at the 61.8% RT area will indicate a bullish market sentiment and good for a Long Opportunity.
Good Luck! Use proper RM and Stops!
Trade, Dont Gamble!