Bitcoin - Potential entry zone
Up and up and up!
50k level is the Daily 0.618 region - Since, there will be lot of buyers I would'nt be surprised if we get front run with a quick tap near 51600 region. This is not to say price must come there, IF it gets there RR is great and a good opportunity. Else, sitting back is my approach.
Target point - 5.618 weekly region must be monitored on the Daily TF, a slice through that is an easy 74k region as a next profit take
Note: This is not Financial advice but my trade approach
50k level is the Daily 0.618 region - Since, there will be lot of buyers I would'nt be surprised if we get front run with a quick tap near 51600 region. This is not to say price must come there, IF it gets there RR is great and a good opportunity. Else, sitting back is my approach.
Target point - 5.618 weekly region must be monitored on the Daily TF, a slice through that is an easy 74k region as a next profit take
Note: This is not Financial advice but my trade approach
Comment:
If the price doesn't reach that far, and price holds alternative buy region is near mid 54k's