I've outlined 3 targets to catch bounces if BTC correction continues to the downside.
Each target is primarily based off the CME BTC1! gaps fills that usually result in a significant bounce.
Each of the 3 targets also happens to line up with significant weekly support lines as well as Fibonacci targets taken from the market bottom and most recent weekly correction.
I would be taking profit at the 0.382 retrace taken from previous local highs
Each target is primarily based off the CME BTC1! gaps fills that usually result in a significant bounce.
Each of the 3 targets also happens to line up with significant weekly support lines as well as Fibonacci targets taken from the market bottom and most recent weekly correction.
I would be taking profit at the 0.382 retrace taken from previous local highs
Comment:
First target hit perfectly with a nice 7% bounce
Comment:
It also perfectly bounced to my sell target of the 0.382 retrace from the local top