Swing trade opportunity on BCPT
Disclaimer: As stated in status. I am currently only playing short term opportunities due to high incertainty in the market. Alts are very overextended and BTC seems ready to take the spotlight within the coming days. Previous trades posted are still valid as long as they do not break the trends.
I am currently looking at a possible swing trade here and see if it can find support on it's previous resistance around the .382 fib. If it can hold these levels I see a short term swing trade to the .618 fib level. As can be seen als is that the current sell off is not due to high selling pressure and believe the whales are lying in wait to buy back up at these levels.
Capital management is required!
Happy trading!
I am currently looking at a possible swing trade here and see if it can find support on it's previous resistance around the .382 fib. If it can hold these levels I see a short term swing trade to the .618 fib level. As can be seen als is that the current sell off is not due to high selling pressure and believe the whales are lying in wait to buy back up at these levels.
Capital management is required!
Happy trading!
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