A wise man once said place your buys where other place there stop losses. Most people wouldve placed their stop losses..... after a run of green candles, now we've gone all the way down and even below the prior wick wiping out all the stops of people who went long earlier, we bounce off the psychological round number of 1.125 with a nice hammer candle. Lets see...
USACAD has started a downtrend with the third lower high, rejecting perfectly off the 382 fib, we can take some profit along the blue marked zones and the final leg I have marked around the 786 fib as the final take profit. We could see a retracement upwards to the 50% of the red candle, or even higher to form another lower high, in which case I will again add to...
wait for confirm then short
Will ride this out and take profit when trendline is broken!
Bounce down off the 1.27 fib, take profits 1,2 and 3 identified
Ill take some profits at the 0.5 fib then next target is 148 where previous resisitance is
btc will reverse in one of the blue boxes. but which one? hmmmmmmmmmmm