Hi guys! In my previous publishment I went bearish doubtlessly. Despite the fact that I'm still bearish I wanna show you both scenarios and my thoughts on it. Let's jump in! Going back to the late november/early december when the hype started everybody started to talk about bitcoin. When you went out with your friends to your favourite pub and after a few...
I'm long on bitcoin. Reason being is the MACD, RSI, and momentum indicators all point up, and the blue trend which we were having a hard time breaking out of yesterday has been broken and I predict we will keep moving to the next trendline/ 38.2 fib resistance.
Target zone to be near trend line and 78% retrenchment.
BTCUSD just made new Wave highs last week and retested 16.500€ Key Level, I see it break this one next week and after a 61% Retrace of previous week price action we also got good Entry"s for a long here. Entry: 14600 $ Sl: 12800 $ Tp: 17100 $ Trade with care and have a good one, I am always happy about feedbacks or comments.