We've seen a good run up to now and we are still waiting for that 10000$ retest. We've reached 9100$, had a pullback to 8000 where we tested trendline on which we're currently more than 2 weeks which is also a strong Support (Previous Resistance).
The price is currently around 8500$ and I am waiting for a perfect entry around 8200 where we can see 78.6% Fibonacci retracement, trendline and a strong support zone. From that point I think we'll see a 9000$ breakout to 9600$, even 10000$.
If we reach our 10000$ target, I think we'll see bears taking control of the price, which will cause a big pullback to at least 7000.
There is a possibility that the price will break 10000$ in which case, I will wait for a first pullback/retest of the broken zone and start buying.
I will keep my stop losses tight just in case. Breakeven or a minor profit is always better than keeping the trades running while putting too much risk in one trade.
Currently waiting for that 8200$ retest so I can BUY at a good price.
Stop Loss: 8000
Take profit: 9000, 9200, 9600, 10000
The price is currently around 8500$ and I am waiting for a perfect entry around 8200 where we can see 78.6% Fibonacci retracement, trendline and a strong support zone. From that point I think we'll see a 9000$ breakout to 9600$, even 10000$.
If we reach our 10000$ target, I think we'll see bears taking control of the price, which will cause a big pullback to at least 7000.
There is a possibility that the price will break 10000$ in which case, I will wait for a first pullback/retest of the broken zone and start buying.
I will keep my stop losses tight just in case. Breakeven or a minor profit is always better than keeping the trades running while putting too much risk in one trade.
Currently waiting for that 8200$ retest so I can BUY at a good price.
Stop Loss: 8000
Take profit: 9000, 9200, 9600, 10000