+ ~38.2% retrace + typical correction:
Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
But back down now,
I want the price to at least clear the 1rst support before I move my stop.
If it goes up I won't short the pound again for a few days...
Maybe a strong reaction in either direction will happen at 8 am.
They both are innovative techs. They both are 40 years old.
The difference is the Internet got adopted 25 years ago, and Crypto enthusiasts are still looking for a use case other than criminal activity.