J_layseca

Bitcoin long idea

Long
BITMEX:XBT   Bitcoin
Not too much to add here, just an idea.

Right now the price is at a resistance that matches the .23 fib level thats clearer to see on the 1h, the lower support zone matches a bullish trendline.

The idea is:
The price might come to test the support zone again, after that I think that the price might go to thest the other trendline just to go to the .38 fib and go back, if we have bullish momentum again, it might go to the blue box.

IF the trendline is broken on the downside along with the support, might go to test the 6000 area.

What do you think?

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.