Looks like we are getting long-awaited retracement on Bitcoin...I will be very happy to add to my position at around $36K to $36.5K, a good confluence zone based on SR flip and FIB ratio.
I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.
If I get my positions filled at $36K, I will be looking to sell at $48K to $50K, which is a good 35% move.
So don't hesitate to buy on support, maintain your risk and create an appropriate position size.
Hope this helps!
Happy trading!
I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls.
If I get my positions filled at $36K, I will be looking to sell at $48K to $50K, which is a good 35% move.
So don't hesitate to buy on support, maintain your risk and create an appropriate position size.
Hope this helps!
Happy trading!
