BTC/USDT Trend reversal signaled with higher low after 0.5Fib

14 Haz 2021

BTC draws a trend reversal with a higher low above the 0.5 Fib line.
This happens together with the breakout out of the symmetrical triangle.

Now we look for prices above the 0.3 Fib.

We also got some extremely bullish news with the Taproot upgrade and El Salvador accepting BTC as currency.



Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue and white line are 200MA and 50MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.