Bitcoin - there is important resistance ahead!
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Past plan and my position in long:
Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of
27
,500 and the price again came to test
30
,000, I wrote about this earlier. I have already fixed 50% of the profit from my long position and continue to hold the rest of the position up to an important resistance level.
Important bitcoin levels:
On the technical side: we have two resistances, a local
31
,080 from where Bitcoin started its correction to the range of HKEX:27200-27500 and there is a global resistance of 0.5 Fibonacci
32
,500 from where a strong buyer may appear.
What does bitcoin need to keep going up?
Still an important support zone is the 28 ,000-28,500 range, the price is still close to this level, for a further trip to the
31
,000-32,500 range, the buyer needs not to lose this support zone in a short time, but to stay afloat where we are at at the moment, otherwise we may expect a strong fall into the
25
,000-24,000 zone
Test of an important Fibonacci level:
A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on 34 ,000-36,000
To all those who have gained Longs with a profit, do not forget about risk management!
Past plan and my position in long:
Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of
27
,500 and the price again came to test
30
,000, I wrote about this earlier. I have already fixed 50% of the profit from my long position and continue to hold the rest of the position up to an important resistance level. Important bitcoin levels:
On the technical side: we have two resistances, a local
31
,080 from where Bitcoin started its correction to the range of HKEX:27200-27500 and there is a global resistance of 0.5 Fibonacci
32
,500 from where a strong buyer may appear. What does bitcoin need to keep going up?
Still an important support zone is the 28 ,000-28,500 range, the price is still close to this level, for a further trip to the
31
,000-32,500 range, the buyer needs not to lose this support zone in a short time, but to stay afloat where we are at at the moment, otherwise we may expect a strong fall into the
25
,000-24,000 zone Test of an important Fibonacci level:
A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on 34 ,000-36,000
To all those who have gained Longs with a profit, do not forget about risk management!
