Retracement of BTC after drop
Updated
If we take a look @ this, then we should have a little retracement to the weekly S/R line (white line above). No we have support from the 0.5 fib.
Trade active
Touched almost the weekly resistance 8797 and the retracement didn't break the 0.618. On the daily, it's trading in the red Ichimoku so we could go to 8200 Trade active
BTC bounced on monthly support at 8248$ and went through weekly support at 8398$. But now there's a 4H order block as resistance. I believe that BTC is going to do a retest of the weekly support before it can go higher. If you're interested in my TA or that from others and you like to discuss technical indicators or other trading material… Please join our New Discord group at discord.gg/h8f5zqz
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