BTC perfectly bounced off the lows of the triangle and now broke above the resistance line which suggests we are moving back towards the high of the triangle.
Resistance is the golden fib level at 36.8k, if we break above it we are going back to the high of the triangle, if we reject it we are probably going back to 36k then 35,5k (support) and then the the low of the triangle.
No trades for now, watch what it does around the resistance (fib level) : short if we reject, long if we break.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Resistance is the golden fib level at 36.8k, if we break above it we are going back to the high of the triangle, if we reject it we are probably going back to 36k then 35,5k (support) and then the the low of the triangle.
No trades for now, watch what it does around the resistance (fib level) : short if we reject, long if we break.
Any questions?
Good luck traders
Remember not to break your rules
Habib
