Patience is the key here.
I think we should wait for the $10.7 area which is the 0 level of Fib Channel. It is also supported by 0.618 level of Fib Speed Resistance Fan.
If that level is not broken, I would love to open LONG position from there.
As for the SHORT position, I would wait for the 0.618 area of Fib Extension.
If that level is broken too, we are going to have a great short opportunity and I want to consider that as a reversal.
Due to the current market condition with
BTC, bulls are mostly winning.
The proper retrace is more probable than the reversal at this point tho.
However, I don't recommend FOMO buy even if this doesn't retrace back to the levels that we mentioned.
I will just move those green circles along those 0 level fib channel line and update the fib extension properly.
Cheers!
I think we should wait for the $10.7 area which is the 0 level of Fib Channel. It is also supported by 0.618 level of Fib Speed Resistance Fan.
If that level is not broken, I would love to open LONG position from there.
As for the SHORT position, I would wait for the 0.618 area of Fib Extension.
If that level is broken too, we are going to have a great short opportunity and I want to consider that as a reversal.
Due to the current market condition with
BTC, bulls are mostly winning.The proper retrace is more probable than the reversal at this point tho.
However, I don't recommend FOMO buy even if this doesn't retrace back to the levels that we mentioned.
I will just move those green circles along those 0 level fib channel line and update the fib extension properly.
Cheers!
交易進行
The price hit exactly to $10.7 area and rebound very fast.交易結束：目標達成
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