Deep view of Bitcoin chart
Deep view of Bitcoin chart:
A: At 25K:
1- There is support: black circles
2- There is a Fibonacci line: the blue circle
3- There is order block : the green rectangle
B: At 24:
1-There is an uptrend
2-There is also an order block
C: So.. 2 buy orders must be placed on 25/24k, why?
Simply, you do not trade alone in the market. There are thousands of people smarter than you and me, There are bots, companies, institutions, whales , and they all know you're targeting 25k to enter a long position.
D: The stop loss should be below the following Fibonacci line: which is below 22900 ( around 6.4%)
but If the price does not reach these areas, we will eat a banana and wait for another trade.
A: At 25K:
1- There is support: black circles
2- There is a Fibonacci line: the blue circle
3- There is order block : the green rectangle
B: At 24:
1-There is an uptrend
2-There is also an order block
C: So.. 2 buy orders must be placed on 25/24k, why?
Simply, you do not trade alone in the market. There are thousands of people smarter than you and me, There are bots, companies, institutions, whales , and they all know you're targeting 25k to enter a long position.
D: The stop loss should be below the following Fibonacci line: which is below 22900 ( around 6.4%)
but If the price does not reach these areas, we will eat a banana and wait for another trade.
Comment:
Exactly
Comment:
done
