BTC Strategy 12th October
BTC Strategy
As announced this morning, Bitcoin is currently trading in a range from support at $6260 to resistance at $6350. BTC currently stands at $6324, below the 23.6% retracement of Fibonacci.
As the market is uncertain, we must favor short-term trading strategies. We can see on the graph below that the 23.6% retracement, extension and $6350 level form a resistance zone.
If the latter is broken up, a position can be initiated to target $6420 and $6460.
Summary of the strategy
Buy: as close as possible to 6350$ if break confirmed
T1 : $6420
T2 : $6455
Stop: $6320 after breakage
As announced this morning, Bitcoin is currently trading in a range from support at $6260 to resistance at $6350. BTC currently stands at $6324, below the 23.6% retracement of Fibonacci.
As the market is uncertain, we must favor short-term trading strategies. We can see on the graph below that the 23.6% retracement, extension and $6350 level form a resistance zone.
If the latter is broken up, a position can be initiated to target $6420 and $6460.
Summary of the strategy
Buy: as close as possible to 6350$ if break confirmed
T1 : $6420
T2 : $6455
Stop: $6320 after breakage
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。