For the first time in months, the 4hr has tested the Oversold 30-limit and reversed ideally to confirm the immediate pattern.
The measurements complement the psychological 4000 level. The exact completes at 4030 and marks the lower limit of support.
The ideal Trading Management targets - the 38.2% & 61.8% retracements - suggest a minimum reaction back to 4600.
A trend continuations with an structure such as this exemplifies situation-specific strategies that distinguish from less significant formations.
BTCUSD will continue to go up ...and go down. These types of situations reinforce the importance of patience to wait for retracements within the larger trend.