Will Bitcoin dip to Fib .618?

15 thg 1, 2021

I am looking to long Bitcoins Fib .618 level at 34.1K.

My Take Profit will be placed at our Weekly Open (38.2K). The trade will be invalidated if we drop below 33.3K.

What is your current thought on Bitcoin? Let me know in the comments.

16 thg 1, 2021

Ghi chú

Quick update on this setup. So far I was not able to get filed, which is OK.

Currently Bitcoin is sitting below its 37.2K resistance level. I am going to long the retest of it. If we are unable to reclaim that level we might see yesterdays lows again and this setup would remain active.

17 thg 1, 2021

Ghi chú

We didn't see any strong reaction from yesterdays break and as expected the price plunged down after.

As mentioned, this setup remained active and my order filled right at the fib .618. Currently up 5% since entry.