BTCUSD seems to have completed its impulse wave and seems to have entered a reactionary wave. The target for the same at first will be 16500 levels and second target can 14900 levels. The stop loss ideally should be above the high of the rally, but on a closing basis the stop loss will be 19300.
Target 1: 16500 has been achieved, now we will wait for daily close for further move
Trade closed: target reached:
Okay target has been reached and price continues lower. 11590 levels should act as a support.