For BTCUSD, the price has broken the H4 trendline, and we expect that the price will retrace to the Fibonacci 0.382 level before continuing to drop to the Fibonacci 2.618 level.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.