BTCUSD struggled to stay in trend and the bears successfully took BTCUSD down to recent lows again.But when there is blood in the street you buy...
BTCUSD retracted correction waves A & B back to the Fibonacci Level of 1.618, this is historically where BTCUSD retraces and then extends. I have a 5 day target and a 14-15 day target for
BTCUSD as you can see on the chart. We we also likely see the formation of a Inverse Head and Shoulder pattern to form the bottom and a reflex point to start the leg higher.
Will keep you updated.
Stay thirsty my friends,
-AB
Note
Targets still looking good...
Note
Targets still in place...
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.