Hello traders, just showing what my opinion is on a good long entry for potential short term gains.
The .5 fib held pretty well with bullish engulfing, yet a rejection from .382 ( 9k ) strong levels to watch right now!
I personally am waiting for a dip lower to the golden .618 fib level as BTC seems to love to form reversals there, also the indicators are getting oversold as well. By the time we reach 8k, they will look even juicier.
Patience is key, and good luck !
The .5 fib held pretty well with bullish engulfing, yet a rejection from .382 ( 9k ) strong levels to watch right now!
I personally am waiting for a dip lower to the golden .618 fib level as BTC seems to love to form reversals there, also the indicators are getting oversold as well. By the time we reach 8k, they will look even juicier.
Patience is key, and good luck !