Hello!
First BTC might want to move to 52.000-52.500 area, then Stop-Loss should be 48.500 at this point. Because if we go to 52000 and reverse back to 48.500, it means that another fib level on the way which is 42000-42500 area.
But this is very powerful strong bullish diversion on RSI side and we got the approval with higher high on RSI and lower low on price.
After 52000 area, might get small pull back to 50500-51000 then move to 53500 and goes on.
*****
Danger will become real again when we rise up to 56-58 area. Because this is the numbers when people turn into Bullish again. And market loves to do what people don't expect. If we rejected from 59k again. This time last pull back will be at 42k. So take profits at 56-58 area. Taking profits won't hurt :) Opportunities are limitless in this market.
First BTC might want to move to 52.000-52.500 area, then Stop-Loss should be 48.500 at this point. Because if we go to 52000 and reverse back to 48.500, it means that another fib level on the way which is 42000-42500 area.
But this is very powerful strong bullish diversion on RSI side and we got the approval with higher high on RSI and lower low on price.
After 52000 area, might get small pull back to 50500-51000 then move to 53500 and goes on.
*****
Danger will become real again when we rise up to 56-58 area. Because this is the numbers when people turn into Bullish again. And market loves to do what people don't expect. If we rejected from 59k again. This time last pull back will be at 42k. So take profits at 56-58 area. Taking profits won't hurt :) Opportunities are limitless in this market.
Barbarians Trading