BTCUSD SHORT/SELL MAJOR DROP INCOMING!
Updated
Technical Analysis
1. Rising Wedge
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX!
My Re-entry is based on structure levels to the left and a larger Fibbonacci Retracement level
1. Rising Wedge
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX!
My Re-entry is based on structure levels to the left and a larger Fibbonacci Retracement level
Note
NOTE THAT I AM EXPECTING THE MARKET TO RISE TO 62k BEFORE FALLING. I will update this again when it has reached or falloff the Rising wedge.Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.