quick play on bitcoin today, please give a thumbs up if you like the chart....
we are looking to get a long position/buy into bitcoin for a quick scalp on sunday
targeting the 0.882fib level and 21 EMA (blue line)on the daily chart:
there is a very good chance we will hit this target of $4630 and possible short from that area back down to $4k is very probable in next 24-48hrs to retest lows before weekday markets open
if there is momentum and timing is right we could see a move beyond $5k but currently thats not so likely as what has been stated above regarding the rebound off resistances due to the Fib and EMA
Stop loss at $4080
Good trades y'all
for more updates please join our BTFD channel on telegram (search BTFD)
we are looking to get a long position/buy into bitcoin for a quick scalp on sunday
targeting the 0.882fib level and 21 EMA (blue line)on the daily chart:
there is a very good chance we will hit this target of $4630 and possible short from that area back down to $4k is very probable in next 24-48hrs to retest lows before weekday markets open
if there is momentum and timing is right we could see a move beyond $5k but currently thats not so likely as what has been stated above regarding the rebound off resistances due to the Fib and EMA
Stop loss at $4080
Good trades y'all
for more updates please join our BTFD channel on telegram (search BTFD)
Trade active
4hr view, bullish again here and ready to swing upTrade closed: stop reached
price fell under averages and we got stopped out for minimal loss
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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.
Related publications
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.