The trading idead is based on RSI divergence and pivot support levels. The same pattern played out in the last major leg up. The last rally ended just before the 1.6 fib extension at 5k USD. We are looking to repeat the same pattern here at this levels.
First long entry is at confluence of 0.23 fib ad long term trendline ressistance wich broke a few days ago at ca 6400
Next level down is at monthly pivot 5677 USD
The most healthy and favorable long entry is at confluence of 0.61 fib, monthly pivot support and 100 day EMA
First long entry is at confluence of 0.23 fib ad long term trendline ressistance wich broke a few days ago at ca 6400
Next level down is at monthly pivot 5677 USD
The most healthy and favorable long entry is at confluence of 0.61 fib, monthly pivot support and 100 day EMA
Kommentar:
typo in line 3. trendline ressistance which broke a few days ago at 0.23 fibonachi level 6512USD