I see that the bitcoin is creating a positive technical pattern that will be broken soon when the bitcoin reaches the area between 38 thousand to 40 thousand because it is a very strong area with many pending purchase orders, and it will be launched from it to break the flag pattern and start a new bullish wave that achieves the goals that I Expected
My advice right now is to suspend purchase orders about the level of this area
- 40,500
- 40 ,000
- 39,500
- 39,000
- 38,500
- 38,300
(There is another scenario that must be considered, which is the launch of Bitcoin before it reaches the specified areas, and in this case, it is possible to enter, In case
that it closes a daily candle above the 45000 level.)
The stop loss is in case Bitcoin closes a weekly candle under the 38000 level, Which is the Fibonacci level of 0.61
In the end, this is my personal opinion, and it may be right or wrong.
I wish everyone the best of luck.
My advice right now is to suspend purchase orders about the level of this area
- 40,500
- 40 ,000
- 39,500
- 39,000
- 38,500
- 38,300
(There is another scenario that must be considered, which is the launch of Bitcoin before it reaches the specified areas, and in this case, it is possible to enter, In case
that it closes a daily candle above the 45000 level.)
The stop loss is in case Bitcoin closes a weekly candle under the 38000 level, Which is the Fibonacci level of 0.61
In the end, this is my personal opinion, and it may be right or wrong.
I wish everyone the best of luck.