Previously I published a daily chart indicating where I thought price may begin to gather momentum and head up.
On the left is the Daily chart. Price is retesting a long term trendline for the 2nd time at the 0.382 retracement from the swing low at 5100 and the ATH and we are at a 23.6 fib retracement level of the last swing. That's 3 compelling points for me to take this trade.
This to me is a low risk trade.
I was watching the 2 hr chart for a change of trend, a sign that price may be heading up to surpass the ATH.
*This is not trading advice- these are my personal trade plan that I adhere to*
On the left is the Daily chart. Price is retesting a long term trendline for the 2nd time at the 0.382 retracement from the swing low at 5100 and the ATH and we are at a 23.6 fib retracement level of the last swing. That's 3 compelling points for me to take this trade.
This to me is a low risk trade.
I was watching the 2 hr chart for a change of trend, a sign that price may be heading up to surpass the ATH.
*This is not trading advice- these are my personal trade plan that I adhere to*
Trade active:
Look like the Bulls have joined the party to take BTC long.