Ok! In accordance to my previous #btcusd analysis we are getting a generous (oh well, technically it should have happened anyway) pullback from btc! Here is a trade that I will take!
Some explanation: white fibo is for 1D time frame. The blue and yellow fibo are for 4h swings. Right on the entry point we have match of 0.382 levs for the white and yellow one!
4h 200 ema is located at around 46580 area! So its safe to put sl below 46k level! The daily supply was engulfed which means we are headed for a daily HH! This gives us a great R/R already before HH is made!
Some explanation: white fibo is for 1D time frame. The blue and yellow fibo are for 4h swings. Right on the entry point we have match of 0.382 levs for the white and yellow one!
4h 200 ema is located at around 46580 area! So its safe to put sl below 46k level! The daily supply was engulfed which means we are headed for a daily HH! This gives us a great R/R already before HH is made!
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It gave us the entry and then it flied! Hope you enjoyed! Stay tuned for next update!
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