BTC breakout! Pull back before continuation?

20 de jul. de 2023

BTC has broken out of a wedge, but the red line indicates the previous candle closed in overbought territory and could be due for a reversal.

We could see a pull back before price then continues north.

20 de jul. de 2023

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I'll be looking to see price come deep into this Fair Value Gap before reversing. Areas of interest to look for a reversal back to the upside is on the 0.5-0.702 fib level. Zooming in to 5min to look for change in market structure

20 de jul. de 2023

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Back into reversal area now

20 de jul. de 2023

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There is the bounce at 0.5 on the Fib, which is half way in the FVG

20 de jul. de 2023

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20 de jul. de 2023

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Was a good scalp

20 de jul. de 2023

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Thanks for playing