There is a lot of news surrounding bitcoin with money being invested by the big boys on wall street. So long term I believe bitcoin is going to go much higher. I would wait for a pull back into the .618 with structure on the Daily/240. This is probably the safest point to get in. Trade what you see, not what you feel.
Kommentera:
The entry, target, and stop are just examples to give you an idea of what a low risk/high probably trade this could be. Good luck trading out there.
Kommentera:
Price is double bottoming in the reversal zone. Look at price on the 60 min time frame. Now would be a good time to go long.
Kommentera:
Price left our zone aggressively. This turned out to be a great area to get long for a long term trade.