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
Note
If the price doesn't reach that far, and price holds alternative buy region is near mid 54k's
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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.