Too many people are thinking its going to go down right now. I think at the very least BTC will have 1 more push up. The daily ichimoku cloud has proved to act as strong resistance and support over the past few years. So I don't see why the could wouldn't push the price back up. Also, looking at the crypto fear/greed index is in the teens. When people are fearful is the time to buy. The price seems to be coming out of the falling wedge too which bullish.
Entry: Ladder buy in $9420, $9360
TP: .5 FIB $11,100, .618 FIB $11600
SL: $9070
Entry: Ladder buy in $9420, $9360
TP: .5 FIB $11,100, .618 FIB $11600
SL: $9070
Note
1st tp hitNote
TP2 hit could leave some open with a trailing stopNote
If you only TPed at TP 2 which is 8 to 1 you only need to be right 1 out of 9 times to break even. Happy trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.