BTCUSD

Taking Fibonacci of the impulse from the high to the low of the monthly time frame, we would see that price had just retested the 0.618 fib level. On the weekly time frame, there is also a possibility of a double bottom which points that bitcoin is bullish from the monthly and weekly candle perspective. Going down to the daily,price has just broken a major resistance which acted as hindrance to the bullish momentum of btc, therefore we will be taking a trade on the retest of the resistance turned support to the next major resistance zone with a very good risk/reward ratio.