From my point of view $Btc is slowly moving up since the huge dip in March. Finding support on the 0.236 fib followed to move up to the 0.382 to do the same, now we find ourselves on the 0.5 in confluence with the middle line of the ascending channel. Recently we had a short squeeze that won't proceed if we can hold the $10500 and stay above 40% RSI. Next days/weeks we would be up for a possible further consolidation to accumulate strength to continue to negotiate the golden pocket or even the top of the channel. Depending on the length of the accumulation we could even retest the ATH (all timie high)!
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
Comment:
1h candle close @$10540 now it is time to retest the 0.5 fib which will have turned into resistance. Let the bulls show off their strength!
Comment:
$10500 is lost and makes the idea invalid...
Order cancelled