Usually Alts retraces after a strong uptrend to the 0.382 Fib level, my target for retraces are 0.382 but also the golden ratio 0.618-0.66, I would not long from these levels as BTC behaviour isn't clear for now, perhaps I would like to take a short between the OB n.2 and 2 Fib Extension level. I marked out my area of interest for an eventual short opportunity. We could also see an Equal Highs formation before the downside with the swipe of 1.618 Fib Extension. I will be watching closely using Exocharts for pulling the trigger when price will reach my area of interest.
Commentaire:
Front runned 0.382 by few cents