XBTUSD.P
So I've noticed BTC does a rally, then retraces back 38%, been 3 times now. A big bullish signal would be just stay on the 23 level, but nothing says it can't reach the 38. Price action seems calm, except for market sells, which further make me think we may revisit 10700, where the 38 is.
I expect another great rally after touching, if there is any touch. I'd be short until 10700, before looking to build longs down there.
The resistance at 11700 seems it will soon be support, after BTC recharges at the current supports.
Supports are 11000 and 10700.
Target #1 is 11000
Target #2 is 10700
Trade closed: target reached:
Target went below and beyond.