BTCUSD: $20,900 to $21,260 May Be Target Before Major Pullback.

Hi Everyone! If the price action continues to rise at its current pace, our odds of hitting my higher 1.618 FIB Extension between $20,900 and $21,260 increases dramatically. As a reminder; we may see a "shakeout" on the way up to that target range. I recommend keeping an eye on the White UPPER B-Band in the 3-Day time frame for an APPROXIMATE price target for the potential "shakeout" between the current price and my target range of $20.9K and $21.26K. I'm labeling this a LONG position based on what I'm seeing in HIGHER time frames. If you are considering opening a long position, I recommend you have a look at lower time frames for better entry. However, you may consider simply waiting for the White Energy in the 3-Day and 4-Day time frames to hit level 50 and see where the price may potentially fall to at that point before opening a long position. I personally believe the price would pullback to approximately the White UPPER B-Band in the 3-Day before resuming the upward pressure we see in the Weekly, 9-Day and 2-Week time frames.

Happy Trading and Stay Awesome!

David

Yorum:

UPDATE:

Simply posting the earlier CHART publication in the description of this publication.