BTC has certainly thrown a few patterns our way during the correction, however it is now at channel resistance. In light of the recent price action, the 100% Fib extension is now at 38.8k, which revises our target bottom to the 38.5k-39k range.
At time of writing, the breach of 48k should be considered a potential false break.
At time of writing, the breach of 48k should be considered a potential false break.
Trade closed: stop reached