Bitcoin aims to 16k levels

Hi!

Bitcoin just corrected from 12k up to 0.618 fibb (9700) and made a direct jump to the resistance of the 10600.

Although the last fall caused a lot of pain, the chart still presents me with possibilities for new highs, for that we need Bitcoin to break the wedge and stay above 11k in the coming days. I can't fight against the trend and so I'll make a buy on 11k levels.

This can be risky, ain't no shame if you got stopped, you might always use stop. Keep it simple.

Resume:
- Retraced to 0.618 fibb (9700) from last bullish impulsive wave
- Bullish Wedge
- Trend still Bullish
- RSI pointing up

Conclusion:
- Long

Strategy:
- Wait for a confirmation and then buy only if we're above 11k levels
- Move Stop once the market is in favour

Target
- 16000

****

Manage your stop according to your risk management. This is not financial advice.

交易進行

註釋

We break out.