BTC Strategy 12th October
BTC Strategy
As announced this morning, Bitcoin is currently trading in a range from support at $6260 to resistance at $6350. BTC currently stands at $6324, below the 23.6% retracement of Fibonacci.
As the market is uncertain, we must favor short-term trading strategies. We can see on the graph below that the 23.6% retracement, extension and $6350 level form a resistance zone.
If the latter is broken up, a position can be initiated to target $6420 and $6460.
Summary of the strategy
Buy: as close as possible to 6350$ if break confirmed
T1 : $6420
T2 : $6455
Stop: $6320 after breakage
As announced this morning, Bitcoin is currently trading in a range from support at $6260 to resistance at $6350. BTC currently stands at $6324, below the 23.6% retracement of Fibonacci.
As the market is uncertain, we must favor short-term trading strategies. We can see on the graph below that the 23.6% retracement, extension and $6350 level form a resistance zone.
If the latter is broken up, a position can be initiated to target $6420 and $6460.
Summary of the strategy
Buy: as close as possible to 6350$ if break confirmed
T1 : $6420
T2 : $6455
Stop: $6320 after breakage
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.