mattpark01

Bitcoin is Showing Clear Signs of Recovery

Long
COINBASE:BTCUSD   Bitcoin
POC + golden ratio confluence at $61k. If we manage to close a daily above here in the next couple days whales are going to start adding to their currently winning trades.

We manage to blast through all LTF POC with ease and with high volume = This is extremely bullish at least in the immediate short term.

My previous bearish thesis was also invalidated and I was stopped out at a ~350% gain from what was previously over a 800% gain from nearly the top.

I am now slowly adding to my long trade.


PlanB's $98k target by eom probably won't happen, but I am confident it will by EOY at the very least assuming we close with high volume above the 1.618 fib.






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.