BTC Slingshot Incoming!!!
BTC is currently attempting to eat through a bit of a supply block, I am looking to place a trade on 2 assumptions here:
1. BTC fails to eat through this supply zone around the 44.5k ~ Mark
2. BTC recovers from a lower demand zone in conjuctions with the 50 and or 618 fibonacci zones
I like to call this the BTC Slingshot, I much prefer to buy the pullback rather than the breakout with wider stops leaving room for stop hunts. (This strategy has changed over the years, I am no longer about tight stops)
Estimated play out time 1-2 Weeks
Good 4:1 R:R , as always DYOR
Happy Trading and stay safe!
1. BTC fails to eat through this supply zone around the 44.5k ~ Mark
2. BTC recovers from a lower demand zone in conjuctions with the 50 and or 618 fibonacci zones
I like to call this the BTC Slingshot, I much prefer to buy the pullback rather than the breakout with wider stops leaving room for stop hunts. (This strategy has changed over the years, I am no longer about tight stops)
Estimated play out time 1-2 Weeks
Good 4:1 R:R , as always DYOR
Happy Trading and stay safe!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.