BTCUSD POTENTIAL SHORT/SELL MAJOR DROP INCOMING! AGAIN!
Updated
TICKER CODE: BTCUSD
Company Name: NA
Industry: Blockchain/Crypto
Position Proposed: SELL
Technical Analysis
1. Large Pennant/Falling Wedge Pattern
2. Pennant / Falling Wedge Completed and now near completion of Breakout Retracement
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI would reach OVERSOLD level
Entry: 58000-60900
1st Take Profit: 41200
Expected Take Profit in May/June 2021
A LARGER FIBONACCI placed to retrace at 41200 is added in that would be considered a good buy position to consider at the Fibonacci 0.618 (Golden Zone) Also on KEY STRUCTURE!
If you look at my linked chart which I did share to sell BTCUSD at it's ATH..
Company Name: NA
Industry: Blockchain/Crypto
Position Proposed: SELL
Technical Analysis
1. Large Pennant/Falling Wedge Pattern
2. Pennant / Falling Wedge Completed and now near completion of Breakout Retracement
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI would reach OVERSOLD level
Entry: 58000-60900
1st Take Profit: 41200
Expected Take Profit in May/June 2021
A LARGER FIBONACCI placed to retrace at 41200 is added in that would be considered a good buy position to consider at the Fibonacci 0.618 (Golden Zone) Also on KEY STRUCTURE!
If you look at my linked chart which I did share to sell BTCUSD at it's ATH..
Trade closed: target reached
Related publications
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.