The price will first finish its retracement cycle (downtrend) to either zone 1.74700 or zone 1.74200. This is being calculated and it is a prediction level by the fibonacci itself. Trader/Investor might need to wait for a reversal candle or any rejection confirmation that might occurs at one of the zones. If the price breaks the level of 1.73909, then it will...
Wait until the latest resistance has been engulfed which means a breakout has appeared. The current price hits at the level of 161 fibonacci and expected to have a rejection. This trend is only a pullback as shown in a bigger timeframe. Traders/investors are advise to keep on eye at the nearest resistance level as it is a crucial level for BTC, either to form a...