BTC-USDT - waiting for stronger buy signal before going long
We are seeing ever higher lows however we are still struggling to break above the 0.382 fib plus we need more buy volume. Market sentiment still seems unsure perhaps due to the imminent Futures contracts (18th/19th?). Will probably move sideways and within the 0.236 & bottom trend line for some time.
If it breaks above the 0.382 with volume increase this will be a signal to buy.
Then....
Target 1: 15330
Target 2: 16300 (sell 25%)
Target 3: 17800 (sell 25%)
Target 4: 19700 (near ATH) (sell 25% - leaving 25% riding)
SL: 12435 (below current recent low - would indicate further downside)
Stake: 10% of portfolio
RRR: 3.3
Best of luck! Not investment advice amigos!
If it breaks above the 0.382 with volume increase this will be a signal to buy.
Then....
Target 1: 15330
Target 2: 16300 (sell 25%)
Target 3: 17800 (sell 25%)
Target 4: 19700 (near ATH) (sell 25% - leaving 25% riding)
SL: 12435 (below current recent low - would indicate further downside)
Stake: 10% of portfolio
RRR: 3.3
Best of luck! Not investment advice amigos!