Bitcoin - Final test before 100k! (Buy here)
2024-09-30

➡️Bitcoin is starting to be very bullish, but in the short term we may see a retest of the previous symmetrical triangle! This is of course a classic technical analysis. First, you want to see a breakout of a pattern and then a retest of it, which usually gives us a great opportunity to open a trade.

➡️The most important question is, Where to buy Bitcoin? We can clearly see an unfilled FVG (Fair Value GAP) and these gaps tend to be filled. The probability of retesting this gap is very high, so we want to put our orders exactly at the gap. We don't know if the gap will be filled fully or partially, but partially is completely okay and considered as retested.

➡️On the chart, we can also see an ascending channel that is currently breaking down! This gives us a hint that the first impulse wave 1 has been completed and we are looking for a correction. We can take a Fibonacci retracement of this wave and look for the 0.382 level. I always recommend buying only at 0.382, 0.5 and 0.618 levels. Currently the 0.618 FIB is a little bit too far away, and I don't think Bitcoin will test it, but it's of course possible. But in this case, I would focus on the 0.382 FIB or 0.5 FIB.

 I am currently very bullish on Bitcoin, and if you buy now and sell above 120K, I would consider it a good trade! 

➡️Write a comment, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!