BTC Strategy
As announced in the State of Mind, the Bitcoin is currently testing the support at $6460. Thanks to the Fibonacci extension, we can determine a support area between $6440 and $6460. The technical situation being negative, a break in this area is quite possible and a short position also if this happens.
If this zone resists, however, we could initiate a long position above $6460.
Summary of the strategy
Buy: > $6460 if the support is reintegrated (candle confirmation 15 min)
T1 : $6500
T2 : $6550
Stop: $6425
Leverage: 10X
Short: Support area breakage <$6440 (candle confirmation 15 min)
T1 : $6365
T2 : $6330
Stop: $6470
Leverage: 10X
Remember, these are risky strategies and it is necessary to get confirmation by a candle 15 min closed beyond these levels!
Be careful !
As announced in the State of Mind, the Bitcoin is currently testing the support at $6460. Thanks to the Fibonacci extension, we can determine a support area between $6440 and $6460. The technical situation being negative, a break in this area is quite possible and a short position also if this happens.
If this zone resists, however, we could initiate a long position above $6460.
Summary of the strategy
Buy: > $6460 if the support is reintegrated (candle confirmation 15 min)
T1 : $6500
T2 : $6550
Stop: $6425
Leverage: 10X
Short: Support area breakage <$6440 (candle confirmation 15 min)
T1 : $6365
T2 : $6330
Stop: $6470
Leverage: 10X
Remember, these are risky strategies and it is necessary to get confirmation by a candle 15 min closed beyond these levels!
Be careful !
Comment:
The BTC being at $6500, don't forget to move your stop-loss above the buy price if you are in position !