Bitcoin long idea
The fib retracement is holding well here, and has formed a channel between the 05 and 0.382 retracement. It is looking to break the overhead down trend on the LTF and could make a move to the overhead (4hr macro resistance, ~23,500).
We could see a strong break through resistance here and a really towards historical price action support(turned resistance0 of ~26500.
We could take a position here now, or we could wait for confirmation.
If price does do well here, we can trail our stops accordingly.
Too me, bitcoin is a risk off asset, and a long term hold, so any trade here is good imo.
We could see a strong break through resistance here and a really towards historical price action support(turned resistance0 of ~26500.
We could take a position here now, or we could wait for confirmation.
If price does do well here, we can trail our stops accordingly.
Too me, bitcoin is a risk off asset, and a long term hold, so any trade here is good imo.
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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.