Looking for this trade based on Fib, and it seems is almost ready to take off
The first buy was triggered and closed break even. Some traders still in the trade, as they didn’t move their stop loss to break even.
Check out one of our forecasts on Bitcoin in August 2020 and its results 😎
It’s touching the line again and have to wait and see what will happen.
For now, there’s no sell or buy setup in the short term but the long term view is UP
The previous analysis/forecast is still valid and the price action is at the same level.
The current move seems is a break out of the structure but it’s really not that strong for such a structure.
Swissy didn’t go anywhere, still in the same structure and moving very slowly.
The forecast is as shown on the chart but for now, except for a small flag on the 1H time frame we don’t have any sign of it