Bitcoin on a 30 minute chart fell with reports of the Israeli active retaliatory strikes in the
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see this as an opportunity
to buy BTCUSD at a 3-4% discount going into the halfing period. I will add to a long position.
It end up being averaging down or in the alternative getting a solid base for the run up that
pundits say will soon come. My initial target to take profit on 10% of the position and raise the
stop loss, based on a Fibonacci level is 66800.
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see this as an opportunity
to buy BTCUSD at a 3-4% discount going into the halfing period. I will add to a long position.
It end up being averaging down or in the alternative getting a solid base for the run up that
pundits say will soon come. My initial target to take profit on 10% of the position and raise the
stop loss, based on a Fibonacci level is 66800.
Trade active
BTCUSD slowly rising as is the adjusted stop loss. Patience looking for weekend volatility.
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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.