BTCUSD - First leg of retracement to 50% complete

Feb 1

Hi, As in my last post i have said until we close above 43773 there is no upside. As expected we didnt get a closing above that. Now mkt has retraced back to 50% fibo level 42022. Now we need to wait for a closing either above or below the 50% fibo level. Basis that direction will be clear. For now hold ur trades. As soon as direction gets clear will update. No more trades for now.

Feb 1

Note

Pls have a look at the next update which is a video of the same analysis but the view is a bit changed due to few observations