Hello everyone,
Today I would like to show you how it was until last year. You should keep this in mind, because protecting your capital is paramount!
To the point, without a clear breakthrough of 0.382 FIBO, there is still a good chance for a decline. We didn't break the last hill which means the current downtrend!
The last closed weekly candle on Bitcoin looks spooky, which also convinces me to be extra careful.
If a local doubleTOP is created, I will personally open a SHORT order with the SL set above the local hill.
I will take the position on LONG after a possible breakthrough of the Fibo line and a confirmed retest.
Last year, a breakout was made, followed by a double short-term peak and a downhill run on doubleBOTTOM.
Also before the break of the local peak. Make a decision consciously and without rush;)
Comment and like,
Greetings!
Today I would like to show you how it was until last year. You should keep this in mind, because protecting your capital is paramount!
To the point, without a clear breakthrough of 0.382 FIBO, there is still a good chance for a decline. We didn't break the last hill which means the current downtrend!
The last closed weekly candle on Bitcoin looks spooky, which also convinces me to be extra careful.
If a local doubleTOP is created, I will personally open a SHORT order with the SL set above the local hill.
I will take the position on LONG after a possible breakthrough of the Fibo line and a confirmed retest.
Last year, a breakout was made, followed by a double short-term peak and a downhill run on doubleBOTTOM.
Also before the break of the local peak. Make a decision consciously and without rush;)
Comment and like,
Greetings!