Price is retesting a long-term daily trendline, if price begins to falter here and we see a COT (change of trend) on the 4hrly chart I will add to my position.
I have bought BTC to early so I will be waiting on more confirmation to enter the market this time. If price breaks the trendline we will see 8370ish or the 23.6 retracement level before heading up.
I have drawn some projections to check where price may stall and head up from this area.
The last swing was 289% - from the doji made last week and to the fib level of 241% and a 161.8 of this move we have confluence.
I will be looking at this area to scale.
My price projections will change if/when we break the daily trendline.
I have bought BTC to early so I will be waiting on more confirmation to enter the market this time. If price breaks the trendline we will see 8370ish or the 23.6 retracement level before heading up.
I have drawn some projections to check where price may stall and head up from this area.
The last swing was 289% - from the doji made last week and to the fib level of 241% and a 161.8 of this move we have confluence.
I will be looking at this area to scale.
My price projections will change if/when we break the daily trendline.