Hi traders,
On the BTCUSD weekly chart we can see two clear areas of of structure. The first lines up with the 127.2% Fibonacci extension of the upwards move of the last 18 months.
The second one lines up with the 161.8% Fibonacci extension and the all-time high of the BTCUSD.
Trade 1:
Entry: 952.98
Stop: 1048.73
Target: 781.34 = R:RR 1.79
Trade 2:
Entry: 1158.53
Stop: 1243.89
Target: 954.48 = R:RR 2.39
Good luck guys! :)
On the BTCUSD weekly chart we can see two clear areas of of structure. The first lines up with the 127.2% Fibonacci extension of the upwards move of the last 18 months.
The second one lines up with the 161.8% Fibonacci extension and the all-time high of the BTCUSD.
Trade 1:
Entry: 952.98
Stop: 1048.73
Target: 781.34 = R:RR 1.79
Trade 2:
Entry: 1158.53
Stop: 1243.89
Target: 954.48 = R:RR 2.39
Good luck guys! :)
Trade active:
Trade 1 active. Entered short at 953.
