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topobadger
topobadger

02/27/2020

BTC USD

For the closure of today's candle, we can see a clear control of the bears on the market. The projected targets have been covered and filled, some traders with short positions are probably looking to leave the market. Some bulls to see that we are near a support area and halfway to a key level of fibbonaci 61.8%, we can expect a small rebound or rejection of this area between 8700 - 8650 $, then continue further down until find a most relevant support. I still consider that we could go down perhaps looking to touch the uptrend TL and touch the $ 8,200 with the 61.8% key fibbo level.

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