BitcoinShort
BTC - 4 H - CORRECTIVE RECOVERY...
After having filled the 38.2% Fibonacci retracement @ 18504 (low of 18500), BTC will find some important levels to break
19209 : 50 % Fib ret
19376 : 61.8 % Fib ret which is also currently the level of the downtrend line resistance
Recent price action should for the time being, be seen as a corrective move only on a new downtrend.
As mentioned on my update on D1, only a clear breakout of the 19450/19700 trading zone would force a reassessment of the
expected bearish scenario
19209 : 50 % Fib ret
19376 : 61.8 % Fib ret which is also currently the level of the downtrend line resistance
Recent price action should for the time being, be seen as a corrective move only on a new downtrend.
As mentioned on my update on D1, only a clear breakout of the 19450/19700 trading zone would force a reassessment of the
expected bearish scenario
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