Bitcoin hit targets. What's next?

BTC Analysis - 13 Oct 2022 - ShawnMCR


10/13/20221 min read

This is a Bitcoin idea.

We opened our positions on Bitcoin around the $18300 area, which was a solid support level and a great buy/long opportunity.

So far, we have made about 4% (40% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO.

If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use the local resistance as your SL.

As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.

There are two support levels on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see.

RSI is Neutral, and the price has more room to go down or up.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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MonoCoin Signal - Bitcoin analysis - ShawnMCR - 13 Oct
MonoCoin Signal - Bitcoin analysis - ShawnMCR - 13 Oct