Bitcoin is now trading at a new all time high and is currently holding this level. Upside targets can only be estimated from fib extensions and Eliot waves therefore we will focus on targets to the downside which can be used to enter long while BTC is still in a strong uptrend.
Bitcoin Trading Plan
Todays levels of support for Bitcoin where price may, or may not give a reaction are:
- 105,564 – Daily Level, Range VAH, 0.66 fib retracement, anchored VWAP.
- 97,000 – Upper range POC, anchored vWAP.
- 94,000 – Daily Naked POC.
- 91,600 – Naked POC & liquidity.
Todays levels of Resistance for Bitcoin where price may, or may not give a reaction are:
- None.
High Impact News events to be aware of:
- 13:30 – US Jobless Claims, Continuing Jobless Claims, Initial Jobless Claims.
The above levels are intended as areas of interest only, they are not in anyway financial advice and a valid entry trigger, stop loss placement and target needs to be considered before entering any position.