CSlade3

Bitcoin key area

Long
BITSTAMP:BTCUSD   Bitcoin
First failed test of key ~$11k area last night for bitcoin.
  • 38.2% retrace off decline/22nd december low
  • 50% pitchfork level
  • 50% retrace January to February decline
  • 100DMA
Break of this level eyes the 50% retrace off december - feb decline & top end of pitchfork

Downside should be capped by median line & 38.2 retrace off impulse higher
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