Bitcoin / TetherUS
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BTC - How far will the pump go?

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I´m considering Bitcoin´s short term recovery to be a corrective movement. I see two major resistance areas for the end of wave C:

- 32800 (100% A-B extension)
- 36000 (161,8% A-B extension and broken support area)

I was able to get a great entry at 28,965, and will take partial profit in the first level above, and depending of the reaction to 36k I´ll close the trade.

The bad news for those who aren´t in a trade is that we´re very overbought in the H4 timeframe, and there´s quite some room for retracement, so the risk-reward ratio is not favorable at current levels.

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.