BTC is at a very important point. Currently it sits on 38.2 which is also this weeks central pivot, this could very well be C and if so then the next logical place for price to go it D at 1.272 (1st arrow) or 1.618 (2nd arrow). Should price get down then the pattern could go to 1, 2 or 3 price targets.
If you are feeling adventures you could short from C down to D. Just remember to place a stop.
If you are feeling adventures you could short from C down to D. Just remember to place a stop.
Kommentar:
price bummped up into weekly central pivot and is now heading down towards D... lets see if it gets there. If it breaks 9266 then that is very likely.
Kommentar:
Price is now very close to X, if price breaks that its likely going to at least the 1.272 ext D at $8231. Good news is the monthly pivot is far above as is weekly pivot from couple of weeks ago.
Kommentar:
D at 1.272 has been reached, we have had a bounce and a higher low, looking good so far