BTCUSDBitcoinCRYPTO:BTCUSDNASDAQ_KINGZ2Traders Traders,as you can see bitcoin is currently in a Restracement phase and what we know is that bitcoin it's Restracement it's not more than 3% when the news are not affecting. We can see that our fib Restracement =golden level has been approached at the same time we can see the trend line break. The break out it's confirmed to be fake because of engulfing patterns that has broken and the engulfing patterns can't go against each other for a long time.the fake break out strategy comes from my experience that if a bullish engulfing appears after that the market push near a previous bearish engulfing ,the market is more likely to reverse or to do a fake break out so my idea on BTC is that take long positions as long as the retest level is not broken yet look for confirmation in lowest time frame and enjoy the profits