sngyuchao

Bitcoin Long: Tactical (short-term) long

Long
BITFINEX:BTCUSD   Bitcoin
In my last post on bitcoin, I called for a neutral standing and advised to wait before action. Over the weekends, when Bitcoin fell below $20k, hit a Fibonacci level, and then rebound, it was actually a buying opportunity (I was too tired to post anything). But now is still a good opportunity to buy because we have additional confidence that the price will hold and that after 1 day, we actually have a green body candle.

Long and place your stop below the recent low.

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