Quick BTC update. This is the 1st draw, more analysis need to be done. 1st we need to have confirmation of the bounce, BTC need to stay above the 1st target 7.6K then retest it to turn it into support. And the same goes for each targets. Targets on the chart. Check my twitter for more details on the move from $8450 to $7160 ( I was off a few $$ only) Trade safe!!
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How does that chart get only ONE like?!? Anyway, 1st target reached, BTC might retrace a little bit here. Take profit, reduce your position, tighten your S/L do whatever you feel fit your style. Trade safe!!
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Either you took profit, reduce your position or tighten your S/L like I mentioned before, well done that was a good move. You can now re-enter or add to your position. As you can see on my 10 days old chart, BTC reached the 1st target and retrace to the trendline and the 0.786 Fibo that seem to be acting as a good support for now. BTC should now resume its way up, to at least 7750K again and hopefully this time around break it to make it to the 2nd target. Trade Safe!!
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