$BTCUSD 1H EUROPE UPDATE - 16/03/2018
bitcoin did a double correction from 8,425.00 to 7,914.08 at equal leg area and bounced back. From current level, a break above 8,425.00 would send bitcoin to equal leg area at 8,657.08-8,832.43 with possible extension to 9,116.25. Failure to gain traction in this leg could result in a retest of the lows for a marginal new low.
Invalidation level to the upside comes in 7,914.08
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