TradewithLu

BTCUSD Short Term Trade Opportunity (Buy)

Long
BITFINEX:BTCUSD   Bitcoin
It looks like we are now making the 5th and final wave. I have set limit buy orders between a range calculated by multiplying the length of wave 1 by 1 and 1.618 and this is my buy zone.
The RSI and MACD already look very bullish on the 4-hour chart, so the price may not even reach this zone, but if it does, I will be ready to catch it.
➖➖➖
Action: Set limit buy orders between $7473 and $6960
Stop Loss: $6645.1
Take Profit: set limit sell orders between $8147.4 and $7695
Order valid: 12 hours from publication
➖➖➖
Not Financial Advice

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.