BTC pull back levels to buy

BITFINEX:BTCUSD   Bitcoin / Dollar
315 1
Whilst we have all enjoyed the relief rally in crypto, it is worth noting that BTC has now rallied 50% off it's lows. At this point, a pullback would be healthy and welcome for longer term price action. Aggressive traders might want to target the first retracement at $7909, but I favor the deeper pull back at $7544. I think this is a good level to go long with a stop below the bull market break out level of $7207. Remember, we need to see these pullbacks to keep the market honest. The faster it rises without a pullback, the faster the "I wanna Lambo" crowd will pile back in and cause more big downward moves.

Happy punting
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