I am expecting a sharp immediate rally up toward the downward trendline around $12,500, then a fall down to approx. $11,700, and then followed by a strong rally to near $13,000.
After touching the critical level of $13,000 - where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high - I expect an immediate sharp pullback.
I suggest you trade with low or no leverage. Best of luck.
After touching the critical level of $13,000 - where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high - I expect an immediate sharp pullback.
I suggest you trade with low or no leverage. Best of luck.
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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.