BTCUSD Potential Bounce|16th Feb 2022
With price moving above the ichimoku cloud, we are biased that price will rise from our pivot in line with the horizontal overlap support and 50% Fibonacci retracement to our take profit level which aligns with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot structure and head to our stop loss in line with the 78.6% Fibonacci retracement.
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