curnctrades

BTCUSD - Next Moves?

BITFINEX:BTCUSD   Bitcoin
I'll admit, it's anyone's guess right now with these crazy bull runs. However, we hit the 786 fib extension and I believe it's unlikely to make it all the way to the full extension without retracing first. Too much too soon! It looks to be a perfect setup with the full fib extension intersecting the trend line of resistance within a time reasonable time frame to complete that move. I'll be sitting out and looking for a retrace to the 618 or 5 fib levels in the short term. Of course, price could dabble in between fib zones but this isn't anywhere that I would want to get into a trade. No positions here without multiple signs of confirmation, the current market has proven that anything is possible! Good luck everyone
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.