BTCUSD Potential Bounce|16th Feb 2022

16 ก.พ. 2022

With price moving above the ichimoku cloud, we are biased that price will rise from our pivot in line with the horizontal overlap support and 50% Fibonacci retracement to our take profit level which aligns with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot structure and head to our stop loss in line with the 78.6% Fibonacci retracement.