BTC over 50k & Target MET TO THE TICK!
Hello Traders!
WOOOO!! BTC has broken $50,000! Seriously, even though the Long setups were there, I still had to double take. Hopefully we see 60k soon.
Now that BTC has met our previous target of $50,900, what now?
Well, as price reversed TO THE TICK of our Profit Target, that means we should be looking for the next EXPANDED EXTENSION in the Series. As with all extensions, we have an additional entry at the 38.2% level as well as our standard 50% and 61.8% levels...
Entry 1: 47600
Entry 2: 46550
Entry 3: 45510
Stop Loss: 44710
Target 1: 53000
Target 2: Trailing Stop
Till next time!
Happy Trading, always manage risk.
WOOOO!! BTC has broken $50,000! Seriously, even though the Long setups were there, I still had to double take. Hopefully we see 60k soon.
Now that BTC has met our previous target of $50,900, what now?
Well, as price reversed TO THE TICK of our Profit Target, that means we should be looking for the next EXPANDED EXTENSION in the Series. As with all extensions, we have an additional entry at the 38.2% level as well as our standard 50% and 61.8% levels...
Entry 1: 47600
Entry 2: 46550
Entry 3: 45510
Stop Loss: 44710
Target 1: 53000
Target 2: Trailing Stop
Till next time!
Happy Trading, always manage risk.
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