Here are the key support levels in view for BTC/USD:
Weekly 78% Retracement, $35,710
Demand Zone, $35,000
If prices continue to fall, a long from $35,500 may set up in the coming days. Here's the trade:
1) Buy $35,500
2) Initial stop loss at $31,500
3) 1:1 risk vs reward ratio for 11.2% ($4,000)
4) Profit target at $39,500
Weekly 78% Retracement, $35,710
Demand Zone, $35,000
If prices continue to fall, a long from $35,500 may set up in the coming days. Here's the trade:
1) Buy $35,500
2) Initial stop loss at $31,500
3) 1:1 risk vs reward ratio for 11.2% ($4,000)
4) Profit target at $39,500
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.
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.