the_technical_trapper

BTCUSD DOWNTREND OVER? LONG CONSIDERATIONS AND FIB TARGETS

Long
BITSTAMP:BTCUSD   Bitcoin
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📊 The Trade Setup
➞ Just a quick look at the chart and recent activity.
➞ Above 60k and retest of the immediate downtrend line would be an immense sign of strength
➞ Big breakout potential
➞ If you bought the recent dip, as a trader, would consider clipping the .618 initially.


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Trading Crypto, Futures , CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Not financial advise. Trade at your own discretion.
Comment:
Also consider my previous idea to see how the two parallel channels interconnect and where we are from the big picture perspective

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