As previously stated in my prior analysis, when the price was at 38k, I was waiting for the 43k level to take profit on my long.
Therefore, my plan is to wait for the daily high to be in for me to draw my next fibonacci level.
47k is the critical level I will be watching to possibly take a short play. If 47k is not reached, I wait for the high to be in on the daily time-frame. When the high is in, I will draw my fibonacci to identify the next low. I suspect that low will be around the 35k area. That will be low I intend to take my next long play. Therefore, I am currently neutral waiting for 47k to short or for a local high to measure my next long play.
Good luck out there and always use stops.
God bless!
Handy
Therefore, my plan is to wait for the daily high to be in for me to draw my next fibonacci level.
47k is the critical level I will be watching to possibly take a short play. If 47k is not reached, I wait for the high to be in on the daily time-frame. When the high is in, I will draw my fibonacci to identify the next low. I suspect that low will be around the 35k area. That will be low I intend to take my next long play. Therefore, I am currently neutral waiting for 47k to short or for a local high to measure my next long play.
Good luck out there and always use stops.
God bless!
Handy