nummus
Short

Get ready for a BTC retrace

KRAKEN:XBTUSD   XBT / USD
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BTC has gotten close to the tip of the ascending angle. Furthermore, there is a bearish divergence on the 4H. Both of these suggest that we can expect a retrace. I'm looking at the Fib 0.618, which is around $7700. However, if you want to buy more BTC after the retrace, wait for a reversal sign before buying.


(This is not a financial advise. Trade based on your own research and finding.)

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