HTF BTCUSD 2021 Bias

20 באוג׳ 2021

BTCUSD approaching 0.618 fib retracement (51k) of the ATH dump. This is a common area for late bulls to be trapped and bears to step in. I will take profit my positions first pass of 0.618-0.66 (51-52k) and look to re enter on a higher low, probably the 0.5 fib 46k. My HTF BTCUSD bias is bullish, all LTF 0.618 dips are for buying, but I will change my bias if we lose 42k, the previous range high. BTCUSD is respecting the fibs well with HHs and HLs on the way up. If the trend continues my bias is 52k->46k->57k.