WeGotCactus

Long to 4-5k

Long
BITSTAMP:BTCUSD   Bitcoin
Goldman Sachs was promoting their target of 3.9k. I presume they are using the 1x fibonacci extension. I think it'll over shoot that and go to 5k, but we'll see. I'll start scaling out around 3.9k.

I closed my previous short and opened a long around 2050 as price bounced hard where the 50% fib overlapped an area of previous support. At the same time miners started signaling on BIP91, which gives this trade even more conviction. Hoping this carries us to new highs.
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.