Waiting for price to come up to 1.34480.
Will be waiting for a reversal pattern from 1.34480 down to the Take Profits areas
Be mindful of the psychologial area 1.35000, we could see a spike up to that point before reversing
TP1: 1.32838 (164.4pips)
TP2: 1.31826 (266.8pips)
Currently bouncing off the 61% anticipating for an upwards move
Waiting for rejection off one of the fibs to the downside
Upside move from 0.67265 to the TPs
TP1 0.68041 (78.1pips)
TP2 0.68520 (125 pips)
After making a new low BTC has been making higher highs and higher lows, trending up towards the Chinese-Dragon Trend line.
Higher High retraced back to the 61.8%-78.6% Fibonacci Zone and used the 61.8% as a support level.
Looking for a potential long to the Fib Extension levels confluences at the Chinese-Dragon trend line.
Shoutout to Cryptoface
Swing high making higher highs, looking for a short term retrancement down to the 61.8%-78.6% Fibonacci zones. Predicting a bounce back up to the main bearish trend line formed from previous Higher Lows.
2 Fib zones are highlighted:
Green zone is based on the 4H at a longer term projection
Blue zone is looking at the 1H shorter term projection