things to note: seen bullish trend the past few days, btc is adhering to my fib levels perfectly so far, coming up to test the 0.236 is the next important level at the green price tag. I expect similar play to yesterday's price movement. a retrace back to swing low around the 52,300-52,000 area before a volatile move back upward breaking the 0.236 level and testing as support.
we are in a bull flag currently but look to break down I have highlighted a box to enter a long and if we drop lower I will build a position aiming to return back to previous highs. I will take profit at the green lines and leave around 25-40% of my position incase we break higher.
we are in a bull flag currently but look to break down I have highlighted a box to enter a long and if we drop lower I will build a position aiming to return back to previous highs. I will take profit at the green lines and leave around 25-40% of my position incase we break higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.