Hi!
Bitcoin just corrected from 12k up to 0.618 fibb (9700) and made a direct jump to the resistance of the 10600.
Although the last fall caused a lot of pain, the chart still presents me with possibilities for new highs, for that we need Bitcoin to break the wedge and stay above 11k in the coming days. I can't fight against the trend and so I'll make a buy on 11k levels.
This can be risky, ain't no shame if you got stopped, you might always use stop. Keep it simple.
Resume:
- Retraced to 0.618 fibb (9700) from last bullish impulsive wave
- Bullish Wedge
- Trend still Bullish
- RSI pointing up
Conclusion:
- Long
Strategy:
- Wait for a confirmation and then buy only if we're above 11k levels
- Move Stop once the market is in favour
Target
- 16000
****
Manage your stop according to your risk management. This is not financial advice.
Bitcoin just corrected from 12k up to 0.618 fibb (9700) and made a direct jump to the resistance of the 10600.
Although the last fall caused a lot of pain, the chart still presents me with possibilities for new highs, for that we need Bitcoin to break the wedge and stay above 11k in the coming days. I can't fight against the trend and so I'll make a buy on 11k levels.
This can be risky, ain't no shame if you got stopped, you might always use stop. Keep it simple.
Resume:
- Retraced to 0.618 fibb (9700) from last bullish impulsive wave
- Bullish Wedge
- Trend still Bullish
- RSI pointing up
Conclusion:
- Long
Strategy:
- Wait for a confirmation and then buy only if we're above 11k levels
- Move Stop once the market is in favour
Target
- 16000
****
Manage your stop according to your risk management. This is not financial advice.
Trade active
Comment:
We break out.
Comment:
We're about to see a breakout soon.
Comment:
Moved my stop loss to 10900, -2% from my entry.