My trading position has been closed soon. I was watching the BTCUSD chart.
I ordered BUY position on BTCUSD from yesterday and today. The take profit 53k, and 54k and 55k, 56k is confirmed. As I told you that Bitcoin chases above the 50k, the strong support level after dropping 10% this week.
In my point of view, Bitcoin has to rise up to 57.3k again as a resistance level. This is a 61minor Fibo level from 61k to 50k. If Bitcoin will touch 57k by tomorrow or tonight it would decline this Bull run to shoot down to 53k-52k around by Sunday or Monday, March 29th 20201. But if Bitcoin will continue its bull run, perhaps, Bitcoin will break out the resistance level and retrace a new ATH at 59.4k around. That is the beginning of the long pump again.
On the contrary, If Bitcoin continues to crash down below 52k, I will be a bearish downside to 47.7k around.
Whatever happens over the crypto space I don't stop buying crypto as an investor and active day trade as a trader. Have good trade everyone and be safe. Share your thought about Bitcoin.
Disclaimer: I am not a financial advisor, this is my own opinion. Do your own research in any investment.
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