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Title: BTCUSD: Sharing my analysis, hope I can help you in your trading Post by: marycrazy08 on May 13, 2019, 10:58:45 AM https://i.imgur.com/04md2co.png
BTCUSD on the daily chart remains bullish above the March 25 low of $3948. The price also trading the 200 day moving average which helps confirm that we are indeed on a bullish uptrend. I would prefer to enter long position on a pullback. If we measure using Fibonacci retracement tool from March 25 low up to yesterday's high of $7450, we can get the $5451 to $6224 (38.2% to 61.8% range). I suspect that many will enter new long position at this range aiming for the July 24, 2018 high of $8648. -marycrazy |
