Hey people! :)
So we have reached my target where I called to long if the 0.5 Fib breaks on 11.465 !!!
So as we can see here... 0.618 Fib acts as resistance. Our 13.425 Target was reached and so it is time to take profits.
We only continue to long if we see some new Bullish Pattern or Support forming!
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Good Luck Trading!
Nobody expected to see this, and that is what makes it even more euphoric
If you aren't euphoric, you don't have enough bitcoin exposure.
We are sending this past the all time high this year and there is nothing you can do about it, buy now or forever hold your peace!
So yesterday I had shown you the key resistance zone which was on 11460 or the 0.5 Fibonacci Line that we needed to break in order to pump higher!
And this is exactly what happened!
So now we want to see resistance on the next Fibonacci Line level of 0.618 on my chart.
Let's watch it together.
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Good luck trading!
This is the BitMEX chart here.
We can clearly see the upper channel providing us with some upper resistance.
If we break those highs on this channel, we will have more room to go up.
Long on break up, set a SL beneath that trendline then.
Other longs are on the trendlines I have shown that are on 11.000 and 10.550 levels.
Keep in mind those are only short-time...
hey guys welcome to #XBTUSD update, as you can see from charts we're forming a dangerous pattern ending diagonal along with negative divergence in small time frames. we've already seen huge spikes in prices from last few weeks, and thing to worry is that Bitcoin bulls are not showing anykind of a healthy retracement to support levels, rather than that prices just...
As we can see in last few times in a row we got clearly same setup as now we got.
Flat correction and when we all expect one more leg down we got some good pump.
I expect pump to 11900-12k zone and max 12.5k i can't see it more of 13k to be fair.
#playsafewithrado and #withstoploss