We are on the bottom line of the channel. Good point to buy
BTC touched the bottom line of the channel which is 61.8% correction of the last wave up. It's a good point to enter because you can buy with short SL at 6430.
Also there is turnaround model on lower timeframes.
Target 1 = 6650 where is 200 MA. There is going to be correction at this level.
Target 2 = 6800.
Target 3 = 6950. This is very critical level. The line of the global triangle interception, Fibo level and so on.
Otherwise we can go to 6330. You can add long position on this level.
Also there is turnaround model on lower timeframes.
Target 1 = 6650 where is 200 MA. There is going to be correction at this level.
Target 2 = 6800.
Target 3 = 6950. This is very critical level. The line of the global triangle interception, Fibo level and so on.
Otherwise we can go to 6330. You can add long position on this level.
Trade closed: target reached:
1st target reached, you can close here partially and put the stop loss on 6520 to avoid loses. Or you can wait till we reach 6650. Depends on your greed :)