Today I will go through BTCUSD daily and ETHUSD 4H charts which have shown retracements as mentioned in my last analysis, after some very large moves earlier this week…BTCUSD
Firstly, we have the BTCUSD 4H chart showing a huge breakout at  with the pull back I predicted happening soon after. The pair is about to retrace nicely into the broken descending trendline of the large descending triangle at , for a retest, which is also confluent with the 61.8% Fibonacci retracement level. Once we hit this area I expect the pair to go long with a target between the -27.2% and -61.8% Fibonacci extension at price 7400 which is also a historic zone of resistance for the pair.ETHUSD
Next, we have the ETHUSD 4H chart 2 scenarios that I see can happen for next week, the blue scenario and the pink scenario. Starting off with the blue scenario, we had a large spike to the upside at  followed by the pair retracing to the downside, like BTCUSD. The pair is coming into the medium term trendline support where it could bounce at  and head to  which is the last resistance level for the pair. The pink scenario, however, may also occur, in which we break the medium term trendline and head to  which is a key support area followed by a pullback to retest the medium trendline at  before falling to  which is a strong supportive region at 170.
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