CLEAR TO SAY THAT THIS IS NOT A FINANCIAL ADVICE - KEEP IN MIND
This situation, we currently have on BTCUSD is clear illustrate in my chart.
1. REJECTION CANDLE: After a clearly shown of the rejected candle made to push the price go higher which bounce off the WEEKLY Fib Retracement Golden Zone Level.
2. WEEKLY FIB RETRACEMENT LEVEL: As a general rule of the market after a huge impulse move there has to be a retracement or exhaustion phase has to be made, After smart money takes off their profits. After a retracement, we will wait for the market to push up and we find a perfect entry.
3. Enter on a Retest: After a rejection bounce off the fib retracement level, we would wait for a break out of the previous resistance turns to support.
4. Trendline Line Break: Now we have to wait for a trendline break and a retest.
Failure of All stated above we will look for another oppurtunity.
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