BTCUSDT- At the point of no return?
Previously I published a daily chart indicating where I thought price may begin to gather momentum and head up.
On the left is the Daily chart. Price is retesting a long term trendline for the 2nd time at the 0.382 retracement from the swing low at 5100 and the ATH and we are at a 23.6 fib retracement level of the last swing. That's 3 compelling points for me to take this trade.
This to me is a low risk trade.
I was watching the 2 hr chart for a change of trend, a sign that price may be heading up to surpass the ATH.
*This is not trading advice- these are my personal trade plan that I adhere to*
On the left is the Daily chart. Price is retesting a long term trendline for the 2nd time at the 0.382 retracement from the swing low at 5100 and the ATH and we are at a 23.6 fib retracement level of the last swing. That's 3 compelling points for me to take this trade.
This to me is a low risk trade.
I was watching the 2 hr chart for a change of trend, a sign that price may be heading up to surpass the ATH.
*This is not trading advice- these are my personal trade plan that I adhere to*
Trade attivo
Look like the Bulls have joined the party to take BTC long.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.