BTCUSDT $28888 Quick update Monday August 07th 2023
BTCUSDT $28888 Quick update Monday August 07th 2023
Bears are pushing the price below the 0.382fib (28.9-28.7)
The next fib support is 0.5fib, which coincides now with the macro trendline support at ~28.1k.
There is a possibilty it could test 0.618fib at 27.3, so Dont not put SL at 27.3k.
Have SL at 3.5-4.5% from avg. Or just dca at a 0.618 as secondary entry.
31-32K will first take profits zone, while waiting to see if bulls would be able to break it.
Will update the W VIDEO in later tonight for the higher time frame
Bears are pushing the price below the 0.382fib (28.9-28.7)
The next fib support is 0.5fib, which coincides now with the macro trendline support at ~28.1k.
There is a possibilty it could test 0.618fib at 27.3, so Dont not put SL at 27.3k.
Have SL at 3.5-4.5% from avg. Or just dca at a 0.618 as secondary entry.
31-32K will first take profits zone, while waiting to see if bulls would be able to break it.
Will update the W VIDEO in later tonight for the higher time frame
