Hey guys!
A quick and simple look on BTCUSD Chart.
I marked you the 3 Fibonacci Retracements of the last 3 Tops.
Top 1: March Low 1: April
Top 2: May Low 2: Jun/Jul
Top 3: Jul Low 3: Aug (pretty sure ;>)
As u can see in graph its always the same.
We got a top, then a downtrend to our Major Support Zone. Then we make a 62% Fib Recovery with a new top ---> Downtrend to Support area.
So: Keep it simple
We bounced back from Key Support, now we can expect a 62% Fib Retracement like before. Target: 7500
Happy trading!
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Feel free to contact me private for further details or just chatting. Regards
A quick and simple look on BTCUSD Chart.
I marked you the 3 Fibonacci Retracements of the last 3 Tops.
Top 1: March Low 1: April
Top 2: May Low 2: Jun/Jul
Top 3: Jul Low 3: Aug (pretty sure ;>)
As u can see in graph its always the same.
We got a top, then a downtrend to our Major Support Zone. Then we make a 62% Fib Recovery with a new top ---> Downtrend to Support area.
So: Keep it simple
We bounced back from Key Support, now we can expect a 62% Fib Retracement like before. Target: 7500
Happy trading!
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Feel free to contact me private for further details or just chatting. Regards
