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BTCUSD weekly view

Hi traders,

On the BTCUSD weekly chart we can see two clear areas of of structure. The first lines up with the 127.2% Fibonacci extension of the upwards move of the last 18 months.
The second one lines up with the 161.8% Fibonacci extension and the all-time high of the BTCUSD.

Trade 1:
Entry: 952.98
Stop: 1048.73
Target: 781.34 = R:RR 1.79

Trade 2:
Entry: 1158.53
Stop: 1243.89
Target: 954.48 = R:RR 2.39

Good luck guys! :)
Dagangan aktif
Trade 1 active. Entered short at 953.

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