Forex_Fox

Forex_Fox

BTC is about to have a major correction, as the big money looks to take profits. TA shows overextended price with clear divergence on the bb%.

Forex_Fox

Statistics for the rounding bottom: - In 62% : there is a bullish reversal - In 86% : the exit is upward - In 40% : a pullback occurs on the neckline Entry: Take a long position at the breakout of the neckline Stop: The stop is placed below the neckline

Forex_Fox

Possible Bearish Gartley - Pending positive news for the GBP will probably disrupt the pattern. Just for information purposes.

Forex_Fox

Hit the 618 fib retracement area which has a high probability of bouncing back up. It has also hit the high volume node from the previous large balance also suggesting a bounce back up.

Forex_Fox

Waiting to confirm 3rd bounce or break.

Forex_Fox

I remain neutral for now, If scenario1 occurs, Potentially a nice big chunk. Scenario 2: I will be looking to fade the key areas. Scenario 3: I will take a further look, caution

Forex_Fox

Currently at 1.22 area. Price was broken earlier and switfly came to retest. My preference would be to short following a decisive break below 1.22