JimMakos

Entry Points for Bitcoin Pullback

BITFINEX:BTCUSD   Bitcoin
Bitcoin is pulling back. Great timing to enter the rally. Question is WHERE exactly? Here are some potential entry points.

In no particular order:

  • $1,900: Confirmed support/resistance level (once).
  • $2,200: Mildly confirmed resistance level and 38.2% Fibonacci Retracement level.
  • $1,700: Pinpointed sup/res confirmation and 61.8% Fib level. The strongest in my opinion.
  • $1,300: Resistance level.
  • $900: 6-month low and support. Very unlikely to drop below that.

I wrote this short summary today: jimmakos.com/2017/06...llback-entry-points/

Remember, risk management is way more important than entry points. Know how (much) to trade.

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