BTCUSD retracement, continuation uptrend possibility

Lower-timeframe, might signal contrary to bigger reversal than the 'continuation' uptrend.
2-Hour chart signals a soon possible downward reversal. Contrary to posted idea
I set a Fibonacci within a major Fibonacci retracement and found this "u-turn". Assuming Market Baseline (Yellow) will continue to show an uptrend.
Even though, this may be the last chance for the price to move down as shown in snapshot image, if it becomes a reversal.

Commentaire:

Price hit 61.8% of past Fibonacci retracement tool placed, if it will continue up, it will rise to at least $1,110.

Transaction en cours:

$1070 Buy Stop entry

Trade fermée: cible de profit atteinte:

$1092 trade close