BTC has created a new ATH
Looking to get into longs on the retracement, two levels I like
1st: Demand zone that led to ATH break, 38 fib of recent push, could line up well with trendline by the time we get there.
2nd: Demand levels from last major 4H consolidation period, line up with 61.8 fib and previous strong 4h level.
Daily is massively overdue for a correction. 60% move with no retracement, wouldn't suprise me to see a massive liquidity grab spiking down.
As I said in my video Tuesday, this is a high risk time to be buying or longing, so I've taken both of these for 0.5R
Looking to get into longs on the retracement, two levels I like
1st: Demand zone that led to ATH break, 38 fib of recent push, could line up well with trendline by the time we get there.
2nd: Demand levels from last major 4H consolidation period, line up with 61.8 fib and previous strong 4h level.
Daily is massively overdue for a correction. 60% move with no retracement, wouldn't suprise me to see a massive liquidity grab spiking down.
As I said in my video Tuesday, this is a high risk time to be buying or longing, so I've taken both of these for 0.5R