Bitcoin next bounce zone
Updated
BTC got a rejection and its headed to retrace the fib .382 (62.5) zone. Let's see if its able to bounce from there until Monday - Tuesday OR earlier.
Note
So it seems like the BTC have some other plans, it melted all those critical support levels like butter and went ahead.Well, the play is still on but the key support to look at are now 59.9 - to see if it holds there.
Otherwise the next critical support areas (First line of defense) = 56.5
OR the second line of defense = 50.5
Caution: If BTC doesn't hold the last 50.5 level then we would see a CHOCH on HTF which changes man[y things and most expectations we have.
Trade safe guys! Do not use high leverage.
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