BTCUSD good buy point

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Strong buy candle stick on 5 mins candle around the support level at 61.8% fib and Gann fan .

Looking at short term we could see the price recover, though, cannot say whether this is the end of this downtrend (a 78.6% retracement target at 4200 is entirely possible)

Price target: 12550
SL: 7898



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