After this dip, the buyers bought it and catapulted btcusd back to it`s yesterdays breakoutlevel @ 540$, this Level is corresponding to the min correction Level 38,2 fibo-retracement...
Yesterday evenig i commented:
rebound or direct "selloff" down to the tp @ 540?
Easy come easy go!
You win some, you lose some!
The Maintrend is still intact..still! i don`t belive in new Highs!
On the downside, the Level @ 610$ is the Level to wwatch - on the upside still the levels 650/680$!
All Prices below 610 are - the tp @ 540$ would be opened.
Will the Level @ 610 be bought, that a weak Signal - TPs 645/680
Comments are welcome -Agree or disagree!
Further downwave could be exspected!
Is it a H&S? Only Prices above 665$ will brighten the Chart!
The signs a further tiny upwave before the exspected Drop would be realistic...
TPs are illustrated in the Chart. If you have any questions -please ask me.