BTC - new movement coming soon - long at 3520 $

Bitcoin price going down but more sideways since one week. The RSI is going near over sold while the price remains to be stable with small movements. This is for me an indicator of an near next breakout which could bring the price above the triangle trend line which would be a great start for a next small rally to around 5200 $ from there I expect again fast movement.

The trend structure is looking for me like a bullish one. Fast up moves followed my small and slow down moves which is in this case the needed healthy correction for next up move....

I will open long at 3520 $ which is golden ratio fibonacci retracement point.

Good luck to all

Yorum:

Stop loss under 3350 $

İşlem aktif:

TP1 reached

İşlem elle kapatılmış:

market showing bearish trend reversal signs
manual take profit @3930 and opened short
with stop loss above 4050