This is where we can add to or open a BTC long position. See other ideas for reference. After the massacre Bitcoin came down to where our trendline, the golden pocket fib retracement and the CME gap come together. The golden pocket is notorious for an area of reversal. The CME gap has just been filled. First target would be around 10.000. If we manage to break neckline target is around 14k and by that time we have broken the huge bullish pennant that has been forming since the 2017 top which could send us to new all time highs. For a short term trade stop loss could be around 7.250 (-6%) and target 10.000 (+30%).
Follow for updates and trade safe!
Follow for updates and trade safe!
