As we can see here Bitcoin is having it's usual correction while paving way
to bull season in a year or two
Corrections during a bull run can be 38%-50% minimum from the highs
We've seen this happen during the 2017 rally and the years before that
so it's safe to say that we will probably revisit in the zones of
8k-8.5k and 7800-7K confluent with the 0.5 and 0.618 fibo
Trade set up : Longs in the turquoise box
Agressive Stoploss for leveraged positions slightly below 0.618 level
Conservative stoploss below 5.5K( wave ii can be deep retracing up to 0.786 fibo in some instances)
Short term targets 17k (0.786 fibo /potential zone for wave x/failure wave)
Long term target : 13k
DO WHAT YOU MUST
LAMBO SEASON IS COMING
to bull season in a year or two
Corrections during a bull run can be 38%-50% minimum from the highs
We've seen this happen during the 2017 rally and the years before that
so it's safe to say that we will probably revisit in the zones of
8k-8.5k and 7800-7K confluent with the 0.5 and 0.618 fibo
Trade set up : Longs in the turquoise box
Agressive Stoploss for leveraged positions slightly below 0.618 level
Conservative stoploss below 5.5K( wave ii can be deep retracing up to 0.786 fibo in some instances)
Short term targets 17k (0.786 fibo /potential zone for wave x/failure wave)
Long term target : 13k
DO WHAT YOU MUST
LAMBO SEASON IS COMING