UnknownUnicorn22622902

BTCUSD 1H Long/Bullish

Long
BYBIT:BTCUSD   None
BTCUSD 1H Long/Bullish We recently started seeing nice movements to the upside, we took our profits at the top resistance area since we had confluence from a Fibonacci Retracement, POC, and Range Mid. We took a short position at the resistance and went straight down to our first strong support area at the 0.382/0.618 of a Fibonacci Retracement (also haves a Fibonacci Extension 0.618 that I didn't mark on the chart). Now we just saw a Retracement that ended PERCENTLY at our 0.328/0.618 Fibonacci Retracement Confluence so we closed our short and entered a long, I don't know for sure if we will have resistance again at the Top Resistance Area (With the Fib, POC and Mid Range confluence) or if we will break it so once we reach that level I will be taking some profits and watch the market very carefully! Traders Gain Losers Complain!!!!!
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.