Hi traders,
On the BTCUSD we can see the 61.8% Fibonacci retracement of the downwards move from earlier this year and the 127.2% Fibonacci extension of the retracement at the same area. This looks like a good area to short.
Entry: 991.38
Stop: 1040.83
Target: 882.72 = R:RR 2.2
Just an idea. Cheers
On the BTCUSD we can see the 61.8% Fibonacci retracement of the downwards move from earlier this year and the 127.2% Fibonacci extension of the retracement at the same area. This looks like a good area to short.
Entry: 991.38
Stop: 1040.83
Target: 882.72 = R:RR 2.2
Just an idea. Cheers
