If we continue this short term trend down, these are areas to add more long positions IMO.
~20% re-tracement from this recent bullish rally is predicted due to the similarities of market structure. If we retrace to the zones above, look for bullish price action this week and next week.
Fundamentally there is still a lot of reason for Bitcoin to move higher in the next 1-2 weeks.
Time your trades. Trade the time-frame.
Scalp at your own risk:)
~20% re-tracement from this recent bullish rally is predicted due to the similarities of market structure. If we retrace to the zones above, look for bullish price action this week and next week.
Fundamentally there is still a lot of reason for Bitcoin to move higher in the next 1-2 weeks.
Time your trades. Trade the time-frame.
Scalp at your own risk:)
Kommentera:
25,000 is really another zone to watch price action as well.