Bitcoin - Textbook retrace?

Bitcoin looks as though it is heading for a textbook retrace before looking to move higher.

0.5 fib is a good buying area

bounce on the kijun is a good buying area

200 day MA is a good support

TD has 4 more days of downside until a possible 9 buy

I had charted a symmetric triangle (not shown) this has a target for the red box.

The red box seems to align all this TD but there is also another factor:

On the 4H chart, there the bottom of the ichi cloud is also within this red box.

**NOT FINANCIAL ADVICE**

I will be taking a long, scaling in from the start of the red box, Tight stop loss around $150 and $250 below.

If we break these areas then we look for the 0.618 fib retrace which crypto seems to also love.
Bitcoin (Cryptocurrency)BTCEURBTCUSDChart PatternsTrend Analysis

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