BTC short to ~4800 then long the bounce
BTC got rejected around the 38.2% fib retrace and is looking pretty bearish, there will be support around the 4850 level from the way up and probably there will be lots of bullish divergences.
The first target for the bounce is ~5400 on non-Tether exchanges, this is around the %38 fib level if the price goes down to around 4850.
Second and third target 5600 and 5800.
If we get up to 5600-5800 I'm looking for a short again, which will be between the 50% and 61.8% fib retrace since the start of the big breakdown.
The first target for the bounce is ~5400 on non-Tether exchanges, this is around the %38 fib level if the price goes down to around 4850.
Second and third target 5600 and 5800.
If we get up to 5600-5800 I'm looking for a short again, which will be between the 50% and 61.8% fib retrace since the start of the big breakdown.
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