Today I will like to share with you my HIVEBTC position
After the huge run-up of HIVEBTC, we have been seeing red candles.
I used Fibonacci retracement to know where to put my buy orders. I normally use 0.618 as a buy level, however, in the case of Altcoins, it is better to wait for 0.786 and 0.886 Fib number as a buy level.
From the picture below, my buy level has been hit. However, there is the last level of support at above 1805 satoshi that might be hit, peradventure there will be a fat finger.
I am hoping to see a reversal on HIVEBTC anytime soon.
My targets as seen on the chart are almost twice the buying price for the assets and they are close to the Fib retracement number.
I wish you all a successful trade.
Cheers.
