We have successfully deactivated our long Fibonacci zone. In the previous analysis, Bitcoin reached and activated our Fibonacci zone (https://monalytics.org/bitcoin-btc-update-3/).
Long Entry Points:
- 38.2% at $73,543
- 50% at $62,448
- 61.8% at $51,352
Stop Loss:
- 2% below the zone, at $50,230
This represented a short-term buying opportunity and played out well. If you had bought at the upper edge of this zone at the 38.2% Fibonacci level, you would have gained more than 12% up to $82,814 (green line).
If any structural changes occur, we will update you immediately.
Kind regards,
Monalytics
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