BTC/USD: Would Your Majesty be kind enough to show us the way?

Important level to watch: If BTC bounces off the 0.382 fib, it might cut short the C leg of the ABC correction that we believe is in play currently. Keep an eye on the chart and be ready to re-enter the market if a bounce occurs.

If you took profit at the top of the recent swing, you might consider other markets which are painting a clearer picture such as ETH.

Trade closed: stop reached