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Past plan and my position in long: Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of 27,500 and the price again came to test 30,000, I wrote about this earlier. I have already fixed 50% of the profit from my long position and continue to hold the rest of the position up to an important resistance level.
Important bitcoin levels: On the technical side: we have two resistances, a local 31,080 from where Bitcoin started its correction to the range of 27200-27500 and there is a global resistance of 0.5 Fibonacci 32,500 from where a strong buyer may appear.
What does bitcoin need to keep going up? Still an important support zone is the 28,000-28,500 range, the price is still close to this level, for a further trip to the 31,000-32,500 range, the buyer needs not to lose this support zone in a short time, but to stay afloat where we are at at the moment, otherwise we may expect a strong fall into the 25,000-24,000 zone
Test of an important Fibonacci level: A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on 34,000-36,000
To all those who have gained Longs with a profit, do not forget about risk management!
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