After toaday's TL break-down looks like quatation tries to make double bottom - level 10700 ? But I think, it not gonna make it.
BTCUSD can bounce up only when it will reach red circle regio. There is 50% Fibo retracement from "0" level to HH last year 17.12.2017. We've got there upper range og DZ from D1, 78% tren based Fibo extension & psychological barrier 10000$.
Possibly second place for bullish impuls can be a lower range of this DZ .
Last place for open a LONG position could be second DZ from D1- yellow circle regio circa 8000$ , 100% trend based fibo extension.
MAX safe range for LONG position could be level 13500 - last visible SZ from D1 and blue TL.
Of course in situation such this bitcoin have to breakup firs resistance 10700$ from the bottom.
BTCUSD can bounce up only when it will reach red circle regio. There is 50% Fibo retracement from "0" level to HH last year 17.12.2017. We've got there upper range og DZ from D1, 78% tren based Fibo extension & psychological barrier 10000$.
Possibly second place for bullish impuls can be a lower range of this DZ .
Last place for open a LONG position could be second DZ from D1- yellow circle regio circa 8000$ , 100% trend based fibo extension.
MAX safe range for LONG position could be level 13500 - last visible SZ from D1 and blue TL.
Of course in situation such this bitcoin have to breakup firs resistance 10700$ from the bottom.