A quick retracement after profit taking by the bulls. Successful tested the demand area at 530 with good stopping volume at the the 61.8% (38.2%) Fib level. Buyers are present! This gives a target of 833 which lines up with the supply area at this handle. Technically obedient which is nice to see.
First target of 690 has been reached. No signs of volume climatic volume, signaling sellers are not present. If price can get above this level and retest this area successfully, next supply level is the 826 handle. Stop loss move to 680 level so to lock in profits.
BTCUSD - Possible new target below 5216 is the 2400 handle. Calculated using a fib projection form the previous bounce. I haven't seen any selling climax yet to indicate a reversal. 2400 level looks like a good buying opportunity if buyers turn at this level.
BTCUSD is in the last phase before a further move down. If the price cannot get above the ICE, the price will fall further. See the Attached YouTube video on distribution to explain the concept.
EURUSD has been in a accumulation phase for the past 2 years.
It has tested and shaked out all short positions and now moving to the top of the range.
2nd possible entry point to scale in would be when a break /retest of the upper range boundary occurs.