The bullish trend was too strong and was obvious a retrace given also thanks the "Non Segwit2x" that pushed buyers to sell immediatelly . The price stopped excatly on the 50 Fib Level, if it doesnt make new lows in a couple of candles i would enter for a long untill 8400.
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If it break down the 50 Fib the next pivot point is @ 6240 wich rapresent the 61.8 Fib level of the main trend (the blue arrow).
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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.