Community post
"IS BITCOIN GOING UP"
| BUY | STOPLOSS | TAKEPORFIT |
|---|---|---|
| 49192.44 | 39355.91 | 68905.51 |
Base on the daily timeframe, bitcoin is in a dynamic support resistance zone. But the current price has penetrated the Fibonacci ratio of 38.2%-61.8% where the ratio is the rectracment zone. If there is a fallsbreaks and enters the Fibonacci ratio area. We can do buying action. With a risk of +-19% at the Fibonacci ratio of 23.6%. if the price breaks the 23.6% Fibonacci ratio level, please be more careful to buy there may be a downtrend. To be more certain that bitcoin will go up, watch the %K stocastic cross up %D.
For further confirmation, go down to the M30 timeframe. Wait until ema cross over up.
Always keep good money management. Look at the potential success of each possible price fluctuation.
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