btcusd has been trading between a nice downward channel, false breaking once to retest the 11743.75 level before falling through my 50% FIB resistance zone, now heading back to 70.7% FIB support.
looking for a bounce off that zone, 7900-7054, and a break and retest of the upper trend line before a long position
if break of 70.7% FIB, then will consider short to lower trend line, if lower timeframe confirms with price action
looking for a bounce off that zone, 7900-7054, and a break and retest of the upper trend line before a long position
if break of 70.7% FIB, then will consider short to lower trend line, if lower timeframe confirms with price action
Comment:
did not retest FIB zone however broke descending trend line
Comment:
i hour price action looking to retest trend line