BTC has been pulling back for a week and IMO the retrace isn't over yet.
Internal trend has been broken but we are still respecting the overall.
a 30% retrace will see price land on the 61 on fibs.
If we fail to hold that level i think price will consolidate at the Demand level.
If price has a solid bounce off the 61 and we create a HH I have a target at the -27 on fibs
BTCUSD 1D
Internal trend has been broken but we are still respecting the overall.
a 30% retrace will see price land on the 61 on fibs.
If we fail to hold that level i think price will consolidate at the Demand level.
If price has a solid bounce off the 61 and we create a HH I have a target at the -27 on fibs
BTCUSD 1D