BTCUSD Long update
BTCUSD just had its pull back we will see how it reacts around the 11600 area which has proven to be a good intraday support area (green shaded). BTC is still consolidating around the key level of 11400-11800. The Fibonacci .618 lined up perfectly with the strong intraday support level of 11600 so well see if it pushes from here or there might be a possible drop to the lower blue trend line which lines up with the .786 fib for a push towards the upside. There is still the possible reversal down to the lower 10k region to retest the major trend line we previously broke out of.
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