i see a lot of people missing the biggest picture which is why we invest in btc if you're reading this chances are you know as i do that btc is selling for way less than it worth and i see a lot of traders kinda forgetting that! anyhow so far i believe the 618 fib level is being respected and until it falls below i will consider shorting based on the price action , i believe we just bounced back from the 618 and i believe just like always chances are we will reach the 0.5 fib level which is 10k , for a safer trade we can consider opening a long when price goes over previous high which is the 9200s level me personally i have two long positions one on 2x since 3940 (because i kept adding to the position thankfully) and the other on a much higher leverage for daily trading ,the chart is bullish how i see it but we can not forget about the giant (sort of) head and shoulders pattern on the daily.. good luck fellas..
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going as expected i believe we should reach 14k at the very least as its the only resistance i can see at this point..good luck fellas..
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i believe this would be the next move for btc , we havent got any major retreacment yet so chances are this is it..
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as you can see in the original chart the short position closing level happens to be also a major resistance and its a 618 level it makes more since bouncing back from there..good luck..
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BTC is going as expected chances are it will hit target..good luck
BTC is going as expected chances are it will hit target..good luck
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i placed a stop for my short trade at 11695 which is 30% of original trade..good luck..
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so far the resistance in red is holding btc from going further upwards , a good area to re enter a long would be over 11870 imo i dont see the price going back upwards that high however i have a long order just in case ..good luck folks..
Trade closed: target reached:
im closing my longs here, the number mentioned above is still valid imo for a breakout trade (11870-11895 range)im placing some stops there just in case...good luck felas..