BTC - new movement coming soon - long at 3520 $
Updated
Bitcoin price going down but more sideways since one week. The RSI is going near over sold while the price remains to be stable with small movements. This is for me an indicator of an near next breakout which could bring the price above the triangle trend line which would be a great start for a next small rally to around 5200 $ from there I expect again fast movement.
The trend structure is looking for me like a bullish one. Fast up moves followed my small and slow down moves which is in this case the needed healthy correction for next up move....
I will open long at 3520 $ which is golden ratio fibonacci retracement point.
Good luck to all
The trend structure is looking for me like a bullish one. Fast up moves followed my small and slow down moves which is in this case the needed healthy correction for next up move....
I will open long at 3520 $ which is golden ratio fibonacci retracement point.
Good luck to all
Comment
Stop loss under 3350 $Trade active
TP1 reachedTrade closed manually
market showing bearish trend reversal signsmanual take profit @3930 and opened short
with stop loss above 4050
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.