BTC is in strong support area based Fib Retracement

9 apr

Hi again, for a long time I don't share my ideas here, so I'm trying to consistent share my thought here.

Technical

• BTCUSD in strong support line based Fib Retracement on $76,113.25 (on daily Timeframe)
  
• The price currently below the EMA 200
  
• MACD still doesn't give the sign to long
  
• BTC Dominance still high (60.39% based on Coinstast)
  

Macro

• Based on similiar correlation with S&P500, it's still give no good sign to bounce back (it maybe going deeper)
  
• About the global economy, US Tariff still give the global uncertainty and cold vibes haha
  

Summary
If you going long term, maybe you can go buy BTC in small size, is a good price to add the collection
If you going short term, I think it will be go deeper first


Thanks for your time!
I hope everyone have a good time and good health!

10 apr

Trade attivo

Update:
BTC respect that line
because the global macro effect of trump delay 90 days the tariff thing, so the all market bullish on the short term.

22 apr

Trade chiuso: obiettivo raggiunto

Update:
Hit the 0.5 Fib level on $88,169.05
I'll close this trade.

If looking forward, wait the price action on this line.
My intuition say it won't break or false break, then it will go down further to $74k - $76k, but let's see!

23 apr

Nota

Re-visit to 0.382 Fib Line at $93,143
My intuition going wrong, real pumping now.
Big chance to retest the 0.236 Fib at $99,297 also psychology prices $100,000