BTC 0.37% has had a high volume breakout from the 5750 area. This is the result of short entries taking profits and not necessarily a reversal pattern. Using fibonacci retracement we can estimate an eventual target between 5250-5500. Patience is the key at this point. Until we know where the bottom will settle all trades are high risk.
We will watch the 5400 area for a clear reversal indicator before entering trades.
We will watch the 5400 area for a clear reversal indicator before entering trades.