Back again with another idea, this time for the BTCUSD exchange. Seeing an upwards channel, we have the 2 options of a resistance breakout to a possible .236 to .5 fib extension, as well as a possible bearish breakout to the 0.5-.618 zone. Check back by Monday (04.12.20) to verify which way BTC will move.
If you have assets in the EUR sector, I'd advise you to back out. After 3/27 red market, it's possible to see a stronger USD as well as bulls taking profit at 1.10 level. We have STRONG RESISTANCE at 1.06 for the 1wk low, so be ready to see a downtrend beginning in the next week.
Nothing promising on 3/25 (publish day), however running a fib retracement (excluding the top candle wick of the high) shows us a possible retest of the 0.5-0.618 zone.
Risk reward is 2.36 NASDAQ:GILD day trade promising.
