Fib Analysis:
BTCUSD
Looking to target anywhere between 9200-9500 for a retracement (.382 of the most recent move from bottom to top on the 4HR). Of course if this is our top we could go lower, but if we see a reversal upwards from my target levels than the uptrend is over and I will flip long. If we continue deeper from 9200-9500, I would expect somewhere in the 8200-8500 region for a longer-term retracement.
BTCUSD
Looking to target anywhere between 9200-9500 for a retracement (.382 of the most recent move from bottom to top on the 4HR). Of course if this is our top we could go lower, but if we see a reversal upwards from my target levels than the uptrend is over and I will flip long. If we continue deeper from 9200-9500, I would expect somewhere in the 8200-8500 region for a longer-term retracement.